Which independent variables are statistically significant

Reference no: EM131408698

Discussion

Using the multiple regression results below, answer the questions that follow (standard errors are in parenthesis below coefficient estimates). Assume that savings per year is in dollars, Y is annual income from salary, ED is years of education completed, and F indicates a female respondent:

Savings per year = 150.5 + 0.15( Y ) + 50.90( ED ) + 222.45( F ) + μ (20.6) (0.005) (35.80) (52.68)

a) Interpret the coefficient estimate on education.

b) Which independent variables are statistically significant? How do you know this? c) What is the marginal propensity to save (MPS)? Consume (MPC)?

Reference no: EM131408698

Questions Cloud

Create graphical representation of recommended architecture : Application Architecture:You have been tasked with building a payroll program for a large organization with offices spread across the United States. The company has one larger data center that each office connects to via a wide area network (WAN).

Calculate mad mse and bias for the two methods : Are the methods under-forecasting or over-forecasting? Which method would you recommend for forecasting future sales and why?

Geno-type of the mother : Assume the gene for freckles is dominate (F). A woman with freckles has a sone that does not. What would have be the geno-type of the mother?

Compute their forecasting errors using mad and bias : Consider the various forecasting methods in Exercise 2.6. Compute their forecasting errors using MAD and BIAS. Based on the forecast errors, which method would you recommend and why?

Which independent variables are statistically significant : Which independent variables are statistically significant? How do you know this? c) What is the marginal propensity to save (MPS)? Consume (MPC)?

Fermentation to make atp : What other hypotheses can you suggest concerning yeast's ability to use fermentation to make ATP?

Determine the forecast for month 13 : Show that the determination of the optimal weights can be formulated as an LP problem. Solve the linear program using any optimization software and determine the forecast for month 13.

Develop a strategy for periodically testing your inventory : Assume that you are employed by Sahara, Inc. Sahara Inc is an up-and-coming on-line reseller of books, video games, and small household appliances. Projections for 2016 sales are looking up, and expected to be in the $750,000,000 dollar range, wit..

Structure and arrangement of alveoli : 1. Explain how the structure and arrangement of alveoli make them well suited for their role in gas exchange.

User Account

All Pages