Exhibit 15-8 The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x 1 ) and their gender (x 2 ) (0 if male and 1 if female). = 30 + 0.7x 1 + 3x 2 Also provided are SST = 1,200 and SSE = 384. -The mathematical equation that explains how the dependent variable y is related to several independent variables x₁, x₂, ..., x_p and the error term $\varepsilon$ is A)a simple nonlinear regression model B)a multiple regression model C)an estimated multiple regression equation D)a multiple regression equation

Question

Quizplus · Accepted Answer

The Answer of Exhibit 15-8 The following estimated regression model was developed relating yearly income (y in $1,000s) of 30 individuals with their age (x 1 ) and their gender (x 2 ) (0 if male and 1 if female). = 30 + 0.7x 1 + 3x 2 Also provided are SST = 1,200 and SSE = 384. -The mathematical equation that explains how the dependent variable y is related to several independent variables x₁, x₂, ..., x_p and the error term $\varepsilon$ is A)a simple nonlinear regression model B)a multiple regression model C)an estimated multiple regression equation D)a multiple regression equation

Exhibit 15-8 the Following Estimated Regression Model Was Developed Relating ε\varepsilonε

Exhibit 15-8
the Following Estimated Regression Model Was Developed Relating $\varepsilon$