Consider the following regression results based on 30 observations. = 238.33 - 0.95x₁ + 7.13x₂+ 4.76x₃; SSE = 3,439 = 209.56 - 1.03x₁ + 5.24(x₂ + x₃); SSE = 3,559
A) Formulate the hypotheses to determine whether the influences of x₂and x₃ differ in explaining y.
B) Calculate the value of the test statistic.
C) At the 5% significance level, find the critical value(s).
D) What is your conclusion to the test?

Question

Consider the following regression results based on 30 observations.

= 238.33 - 0.95x₁ + 7.13x₂+ 4.76x₃; SSE = 3,439

= 209.56 - 1.03x₁ + 5.24(x₂ + x₃); SSE = 3,559
A) Formulate the hypotheses to determine whether the influences of x₂and x₃ differ in explaining y.
B) Calculate the value of the test statistic.
C) At the 5% significance level, find the critical value(s).
D) What is your conclusion to the test?

Quizplus · Accepted Answer

The Answer of Consider the following regression results based on 30 observations. = 238.33 - 0.95x₁ + 7.13x₂+ 4.76x₃; SSE = 3,439 = 209.56 - 1.03x₁ + 5.24(x₂ + x₃); SSE = 3,559 A) Formulate the hypotheses to determine whether the influences of x₂and x₃ differ in explaining y. B) Calculate the value of the test statistic. C) At the 5% significance level, find the critical value(s). D) What is your conclusion to the test?

Consider the Following Regression Results Based on 30 Observations