1. Simple Linear Regression Estimation: (a) For the model y; = B1 + B2x; + Ui, define the fitted value ŷ; and residual û;. (b) x to arrive at estimates for B1 and B2? How does OLS take data on the outcome variable y and the independent variable (c) y on x. Show that the slope coefficient if you regressed y on x* for x B2/a, where a is some constant. To be clear, I want you to show that B = B2/a, where B2 is the OLS estimate of B2 from the model y; = B1 + B2x; + ui, and B is the OLS estimate of B; from the model y; = B+ Bx + u;. Suppose you have the OLS estimate of the slope coefficient B2 from regressing = ax; is equal to
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- Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?A fitted linear regression model is (y=10+2x ). If x = 0 and the corresponding observed value of y = 9, the residual at this observation is:I have some doubts regarding linear regression. if any 2 variables in X1, X2 AND Y have a positive correlation, then in the linear regression Y = b0 + b1X1 +b2X2 +e, will the sign of b1 and b2 both be positive? will the residuals that we get from linear regression will always be uncorrelated given X?
- A linear multiple regression model is given as: Y = βo + β1 X1 + β2 X2 + μ a. Determine the parameters of this model b. Explain the circumstance under which X1 be called an endogenous variable?Suppose that researchers are interested in determining the bi-annual salary of statisticians of different levels using their years of experience and their education level (M = bachelors, P = doctorate). They fit the following model to a dataset that includes these variables and, after performing the proper steps of multiple linear regression, the following multiple linear regression model is obtained: yˆ = 42308 + 323x1 + 213x2 + 301(x1*x2) where the variables are as follows: yˆ = predicted bi−annual salary in dollars, x1 = number of years of experiencex2= {1 if the education level is a doctorate 0 if the education level is a bachelors What is the predicted bi-annual salary in dollars of an employee with 5 years of experience and a bachelor’s degree?Suppose that researchers are interested in determining the bi-annual salary of statisticians of different levels using their years of experience and their education level (M = bachelors, P = doctorate). They fit the following model to a dataset that includes these variables and, after performing the proper steps of multiple linear regression, the following multiple linear regression model is obtained: yˆ = 42308 + 323x1 + 213x2 + 301(x1*x2) where the variables are as follows: yˆ = predicted bi−annual salary in dollars, x1 = number of years of experiencex2= {1 if the education level is a doctorate 0 if the education level is a bachelors What is the predicted bi-annual starting salary of an employee with a doctorate degree? (Someone with no work experience). $ What is the predicted bi-annual starting salary of an employee with a bachelor’s degree? (Someone with no work experience). $
- For the regression equation involving the quantitative predictor variable x1 and indicator variables x2 and x3, a. find the slope of the regression line when (i) x2 = 1 and x3 = 0, (ii) x2 = 0 and x3 = 1, and (iii) x2 = 0 and x3 = 0. b. find the y-intercept of the regression line when (i) x2 = 1 and x3 = 0, (ii) x3 = 1, and (iii) x2 = 0 and x3 = 0. ?In the example of First-Order Model in Five Quantitative Independent Variables, the parameters, βi,i=1,…,5, are often called partial regression coefficients. What does "partial" mean here?17) Suppose that Y is normal and we have three explanatory unknowns which are also normal, and we have an independent random sample of 41 members of the population, where for each member, the value of Y as well as the values of the three explanatory unknowns were observed. The data is entered into a computer using linear regression software and the output summary tells us that R-square is 0.9, the linear model coefficient of the first explanatory unknown is 7 with standard error estimate 2.5, the coefficient for the second explanatory unknown is 11 with standard error 2, and the coefficient for the third explanatory unknown is 15 with standard error 4. The regression intercept is reported as 28. The sum of squares in regression (SSR) is reported as 90000 and the sum of squared errors (SSE) is 10000. From this information, what is the number of degrees of freedom for the t-distribution used to compute critical values for hypothesis tests and confidence intervals for the individual…
- Suppose that the sales of a company (Y) is regressed on advertising expenditure (x) and labor cost (z), and the estimated regression equation is Y = 5 + 0.5x + 0.7z + u (where u is the error term). Here, sales, advertising expenditure and labor cost are measured in million Tk. Standard error for the coefficient of x is 0.04, standard error for the coefficient of z is 0.01, and the sample size is 20. Can we conclude that advertising expenditure is a statistically significant variable?If the points (x1, y1), (x2, y2),..., (xn, yn) lie on a straight line, what can you say about the regression line associated with these points?1. Suppose that the sales of a company (Y) is regressed on advertising expenditure (x) and labor cost (z), and the estimated regression equation is Y = 5 + 0.5x + 0.7z + u (where u is the error term). Here, sales, advertising expenditure and labor cost are measured in million Tk. Standard error for the coefficient of x is 0.4, standard error for the coefficient of z is 0.01, and the sample size is 20. Based on this information, find out whether labor cost is a statistically significant variable using an appropriate statistical test.