Following is a simple linear regression model:
yi = a + bxi + ei
The following results were obtained from some statistical software.
R^2 = 0.523
syx (regression standard error) = 3.028
n (total observations) = 41
Significance level = 0.05 = 5%
Variable
Parameter Estimate
Std. Err. of Parameter Est.
Intercept
0.519
0.132
Slope of X
-0.707
0.239
Note: For all the calculated numbers, keep three decimals.
Write the fitted model (5 points).
Make a prediction using the fitted model for y when x = 1.888 (5 points)
3. The intercept of the least-squares regression line is (5 points):
4. Suppose we want to test the hypotheses for the slope:
H0: b = 0,
H1: b ≠ 0
The value of the t statistic for this test is (10 points):