Given the estimated multiple regression equation ŷ = 6 + 5x1 + 4x2 + 7x3 + 8x4 what is the predicted value of Y in each case? a. x1 = 10, x2 = 23, x3 = 9, and x4 = 12 b. x1 = 23, x2 = 18, x3 = 10, and x4 = 11 c. x1 = 10, x2 = 23, x3 = 9, and x4 = 12 d. x1 = -10, x2 = 13, x3 = -8, and x4 = -16

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4: Estimating Demand
Section: Chapter Questions
Problem 1.4CE
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Given the estimated multiple regression equation
ŷ = 6 + 5x1 + 4x2 + 7x3 + 8x4
what is the predicted value of Y in each case?
a. x1 = 10, x2 = 23, x3 = 9, and x4 = 12
b. x1 = 23, x2 = 18, x3 = 10, and x4 = 11
c. x1 = 10, x2 = 23, x3 = 9, and x4 = 12
d. x1 = -10, x2 = 13, x3 = -8, and x4 = -16

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