The following estimated regression equation was developed for a model involving two independent variables. ŷ - 40.7 + 8.63x, + 2.71x, After x, was dropped from the model, the least squares method was used to obtain an estimated regression equation involving only x, as an independent variable. - 42.0 + 9.01x, (a) Give an interpretation of the coefficient of x, in both models. is held constant. In the single independent variable case, the coefficient of x, In the two independent variable case, the coefficient of x, represents the expected change in y corresponding to a -Select--- v unit -Select-- v in x, when. represents the expected change in y corresponding to a -Select-v unit increase in x,. (b) Could multicollinearity explain why the coefficient of x, differs in the two models? If so, how? --Select-- v. If x, and x, are correlated, one would expect a change in x, to be -Select--- v a change in X

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
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The following estimated regression equation was developed for a model involving two independent variables.
ŷ = 40.7 + 8.63x, + 2.71x,
After x, was dropped from the model, the least squares method was used to obtain an estimated regression equation involving only x, as an independent variable.
ý = 42.0 + 9.01x,
(a) Give an interpretation of the coefficient of x, in both models.
In the two independent variable case, the coefficient of x, represents the expected change in y corresponding to a --Select-- v unit --Select--- v in x, when x, is held constant. In the single independent variable case, the coefficient of x,
represents the expected change in y corresponding to a -Select-v unit increase in x,.
(b) Could multicollinearity explain why the coefficient of x, differs in the two models? If so, how?
--Select--- v. If x, and x, are correlated, one would expect a change in x, to be -Select---
v a change in x,.
Transcribed Image Text:The following estimated regression equation was developed for a model involving two independent variables. ŷ = 40.7 + 8.63x, + 2.71x, After x, was dropped from the model, the least squares method was used to obtain an estimated regression equation involving only x, as an independent variable. ý = 42.0 + 9.01x, (a) Give an interpretation of the coefficient of x, in both models. In the two independent variable case, the coefficient of x, represents the expected change in y corresponding to a --Select-- v unit --Select--- v in x, when x, is held constant. In the single independent variable case, the coefficient of x, represents the expected change in y corresponding to a -Select-v unit increase in x,. (b) Could multicollinearity explain why the coefficient of x, differs in the two models? If so, how? --Select--- v. If x, and x, are correlated, one would expect a change in x, to be -Select--- v a change in x,.
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