Question about multiple regression

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Reference no: EM1376312

Do you assume that when using the multiple regression in the formula Y = b1X1 and b2X2 + E that X1 represents wages and X2 represents transportation costs?
Discuss how X1 and X2 b slopes could create several different economic scenarios during different economic times of the year, or even during several different years, and why that might happen.
For example, during a recession, which would you suggest would have the greater overall effect on the economy?
Also, during good times, what would you suppose would be your answer? Explain whether it may change.

Reference no: EM1376312

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