Exhibit 13-5 Below you are given a partial Excel output based on a sample of 25 observations. -Refer to Exhibit 13-5. The interpretation of the coefficient on x₁ is that A)a one unit change in x₁ will lead to a 25.625 unit change in y B)a one unit change in x₁ will lead to a 25.625 unit increase in y when all other variables are held constant C)a one unit change in x₁ will lead to a 25.625 unit increase in x₂ when all other variables are held constant D)It is impossible to interpret the coefficient.

Question

Quizplus · Accepted Answer

The coefficient on x₁ represents the expected change in y for a one unit increase in that variable, holding all other variables constant. Therefore, the interpretation is that a one unit change in x₁ will lead to a 25.625 unit increase in y when all other variables are held constant.

Exhibit 13-5 Below You Are Given a Partial Excel Output Based on Based