Consider a linear regression model where y represents the response variable and d₁ and d₂ represent two dummy variables. The model is estimated as $\hat{y}$ = -2.49 + 1.86x + 3.20d₁ - 2.21d₂ + 0.50d₁d₂. Compute $\hat{y}$ for x = 3, d₁ = 1, and d₂ = 0. A) 13.61 B) 3.42 C) 13.17 D) 6.29

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The Answer of Consider a linear regression model where y represents the response variable and d₁ and d₂ represent two dummy variables. The model is estimated as $\hat{y}$ = -2.49 + 1.86x + 3.20d₁ - 2.21d₂ + 0.50d₁d₂. Compute $\hat{y}$ for x = 3, d₁ = 1, and d₂ = 0. A) 13.61 B) 3.42 C) 13.17 D) 6.29

Consider a Linear Regression Model Where Y Represents the Response y^\hat{y}y^​

Consider a Linear Regression Model Where Y Represents the Response $\hat{y}$