Question
15-12: Consider the following regression model: y=β0+β1x1+β2x2+ε where: &
15-12: Consider the following regression model:
y=β0+β1x1+β2x2+ε
where:
x1=A quantitative variable
x2=1 if x1<20
0 if x1>20
The following estimate regression equation was obtained from a sample of 30 observations:
y^=24.1+5.8x1+7.9x2
- Provide the estimate regression equation for instances in which x1<20.
- Determine the value of y^ when x1=10.
- Provide the estimate regression equation for instances in which x1>20.
- Determine the value of y^ when x1=30.
please not handwritten so I can read it
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Answer #1
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