Y^ = b 0 + b 1 X 1 +b 2 X 2/1 Interpret the value of R2 obtained using the equat
ID: 336853 • Letter: Y
Question
Y^ = b0 + b1X1 +b2X2/1
Interpret the value of R2 obtained using the equation above.
The estimated regression equation is Y = 707.4747 - 7.39221X1 + 0.154305X2/1
SUMMARY OUTPUT Regression Statistics Multiple R 0.970383 R Square 0.941644 Adjusted R Square 0.928676 Standard Error 134.4072 Observations 12 ANOVA df SS MS F Significance F Regression 2 2623543 1311772 72.61276 2.8E-06 Residual 9 162587.7 18065.3 Total 11 2786131 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 707.4747 230.4927 3.069402 0.013367 186.0641 1228.885 X Variable 1 -7.39221 7.03366 -1.05098 0.320669 -23.3035 8.519035 X Variable 2 0.154305 0.047608 3.241148 0.01014 0.046608 0.262002Explanation / Answer
Y^ = b0 + b1X1 +b2X2/1
Interpret the value of R2 obtained using the equation above.
The estimated regression equation is Y = 707.4747 - 7.39221X1 + 0.154305X2/1
SUMMARY OUTPUT Regression Statistics Multiple R 0.970383 R Square 0.941644 Adjusted R Square 0.928676 Standard Error 134.4072 Observations 12 ANOVA df SS MS F Significance F Regression 2 2623543 1311772 72.61276 2.8E-06 Residual 9 162587.7 18065.3 Total 11 2786131 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 707.4747 230.4927 3.069402 0.013367 186.0641 1228.885 X Variable 1 -7.39221 7.03366 -1.05098 0.320669 -23.3035 8.519035 X Variable 2 0.154305 0.047608 3.241148 0.01014 0.046608 0.262002Related Questions
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