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,.

College Algebra
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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, + 2.71x2
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.
ŷ = 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--
va change in x2.
Transcribed Image Text:The following estimated regression equation was developed for a model involving two independent variables. ŷ = 40.7 + 8.63x, + 2.71x2 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. ŷ = 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-- va change in x2.
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