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Forty observations were used to estimate . A portion of the regression results is shown in the accompanying table.
b. What is the sample regression equation?
Solution
VerifiedIn this problem is given that observations were used to estimate the multiple linear regression model
where is the response variable, and are the explanatory variables, is the random error term, and the coefficients , and are the unknown parameters.
In general, the sample regression equation for the regression model has the form:
where coefficients , and are numbers estimated from the data, is the predicted value of the response variable , and and are the explanatory variables.
For each explanatory variable , represents the corresponding slope coefficient, where .
Using the results in the given table, our task in this part of the problem is to write the sample regression equation.
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