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Note to student: The exercises involving data in this and subsequent sections were designed to be solved using a computer software package

Economics Mar 12, 2021

Note to student: The exercises involving data in this and subsequent sections were designed to be solved using a computer software package.

Methods

The estimated regression equation for a model involving two independent variables and 10 observations follows.

y^?=29.1270+.5906x1?+.4980x2?

 Predict ywhen x1? =180and x2? =310.

Expert Solution

Let's see the calculation ;

y^?= 29.1270 + .5906x1? + .4980x2?

x= 180 

x2 = 310

y^ = 29.1270 + (.5906 * 180) + (.4980 * 310)

= 29.1270 + 106.308 + 154.38

= 289.815

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