1. Suppose that you have the following data below:Y12537Using either the linear algebra or summation notation formula, find B and R, the OLS estimates of themodel 2. Suppose you want to estimate the following model:Reorders; =ß + R · Productsi + B · Daysiwhere Reorders; is the number of reorders. Products; is the number of ordered products. Days; is thenumber of days since the last order.Using Excel, you have the following output:SUMMARY OUTPUTRegression StatisticsMultiple R0.8373R Square0.7010Adjusted R SquareStandard Error0.69983.1710Observations500ANOVAdfMSSignificance FRegression211717.33 5858.67582.660.00Residual4974997.3810.06Total49916714.71Coefficients Standard Error t StatP-valueLower 95% Upper 95%Intercept0.97780.3416 2.86230.00440.30661.6489products0.63330.0188 33.6482 0.00000.59630.6703days_since_prior_orde-0.06530.0133 -4.92070.0000-0.0914-0.0392(a)Report regression results, what are B? B? B? What are Standard Errors of B? R? B? What aretheir 95% Confidence Intervals?

Solution As per guidelines we answer the only first question

Answered: 1. Suppose that you have the following…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. Suppose that you have the following data below: Y 1 3 2 5 7 Using either the linear algebra or summation notation formula, find B and B, the OLS estimates of the model