a) What is dependent and independent variables? b) Fully write out the regression equation c) Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’ A researcher interested in explaining the level of foreign reserves for the country of Barbadosestimated the following multiple regression model using yearly data spanning the period 2001 to2016:FR=a+B0IL+yEXP+8FDIWhere FR = yearly foreign reserves ($000’s), OIL = annual oil prices, EXP = yearly total exports($000's) and FDI = annual foreign direct investment ($000’s). The sample of data was processedusing MINITAB and the following is an extract of the output obtained:PredictorCoefStDevt-ratiop-valueConstant5491.38 2508.812.18880.0491OIL85.3918.464.6260.0006EXP-377.08112.190.0057FDI-396.99160.66-2.471S = 2.45R-sq = 96.3%R-sq(adj) = 95.3%Analysis of VarianceSourceDFsMSFRegression31991.31663.77??Error1277.46.45Total15

Answered: a) What is dependent and independent…

a) What is dependent and independent variables? b) Fully write out the regression equation c) Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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