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Regression Analysis 3

Regression Analysis

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Title: Regression Analysis

Essay Details:

Subject: Business

Author: William M

Date: August 8, 2012

Level:

Grade: A

Length: 3 / 716

Essay text:

As in simple regression, the slope parameters b, c and d measure the change in Y associated with a one-unit change in one of the explanatory variables (in this case price of beef, income OR price of chicken), holding the rest of the explanatory variables constant. In the current equation, for example, a (price of beef) =0.41, then a ten-unit (in this case, the one-unit is 0.41) increase in Price of Beef results in a 4.1 increase in Y (the quantity of beef demanded), holding ?income' and ?price of chicken' constant. 4. The t-test is a statically test used to test the hypothesis that the true value of a parameter is equal to 0 (b=0)...

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