Thirty employed single individuals were randomly selected to examine the relationship between their age (Age)and their credit card debt (Debt)expressed as a percentage of their annual income.Three polynomial models were applied and the following table summarizes Excel's regression results. Suppose the restriction β₃ = 0 is imposed on the cubic regression model Debt = β₀+ β₁Age + β₂Age²+ β₃Age³+ ε.What regression equation is obtained under this restriction?

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The Answer of Thirty employed single individuals were randomly selected to examine the relationship between their age (Age)and their credit card debt (Debt)expressed as a percentage of their annual income.Three polynomial models were applied and the following table summarizes Excel's regression results. Suppose the restriction β₃ = 0 is imposed on the cubic regression model Debt = β₀+ β₁Age + β₂Age²+ β₃Age³+ ε.What regression equation is obtained under this restriction?

Thirty Employed Single Individuals Were Randomly Selected to Examine the Relationship