A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+B0IL+YEXP+8FDI Where 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 processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3% %3D Analysis of Variance Source DF MS F Regression 3 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15
A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016: FR=a+B0IL+YEXP+8FDI Where 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 processed using MINITAB and the following is an extract of the output obtained: Predictor Coef StDev t-ratio p-value Constant 5491.38 2508.81 2.1888 0.0491 OIL 85.39 18.46 4.626 0.0006 EXP -377.08 112.19 0.0057 FDI -396.99 160.66 -2.471 S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3% %3D Analysis of Variance Source DF MS F Regression 3 1991.31 663.77 ?? Error 12 77.4 6.45 Total 15
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 2EA
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c) Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’
![A researcher interested in explaining the level of foreign reserves for the country of Barbados
estimated the following multiple regression model using yearly data spanning the period 2001 to
2016:
FR=a+B0IL+YEXP+8FDI
Where 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 processed
using MINITAB and the following is an extract of the output obtained:
Predictor
Coef
StDev
t-ratio
p-value
Constant
5491.38
2508.81
2.1888
0.0491
OIL
85.39
18.46
4.626
0.0006
EXP
-377.08
112.19
0.0057
-396.99
160.66
-2.471
FDI
**
S = 2.45
R-sq = 96.3%
R-sq(adj) = 95.3%
Analysis of Variance
Source
DF
MS
F
Regression
3
1991.31
663.77
?
??
Error
12
77.4
6.45
Total
15](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b13a353-ecad-4a5d-a555-8ff8c747fbe5%2F4befe889-c69f-4e0b-89d1-05707cc31d63%2Fkg2fwfq_processed.png&w=3840&q=75)
Transcribed Image Text:A researcher interested in explaining the level of foreign reserves for the country of Barbados
estimated the following multiple regression model using yearly data spanning the period 2001 to
2016:
FR=a+B0IL+YEXP+8FDI
Where 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 processed
using MINITAB and the following is an extract of the output obtained:
Predictor
Coef
StDev
t-ratio
p-value
Constant
5491.38
2508.81
2.1888
0.0491
OIL
85.39
18.46
4.626
0.0006
EXP
-377.08
112.19
0.0057
-396.99
160.66
-2.471
FDI
**
S = 2.45
R-sq = 96.3%
R-sq(adj) = 95.3%
Analysis of Variance
Source
DF
MS
F
Regression
3
1991.31
663.77
?
??
Error
12
77.4
6.45
Total
15
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