- Consider The Following Regression Model Y B B X U Where Ex X X 1 500 Ey Y Y 3 000 And R 0 8 1 (11.43 KiB) Viewed 12 times
. Consider the following regression model: Y₁ =B₁ + B₂X₁ + u where Ex? = (X₁-X)= 1,500, Ey? = (Y-Y)= 3,000 and r² = 0.8.
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. Consider the following regression model: Y₁ =B₁ + B₂X₁ + u where Ex? = (X₁-X)= 1,500, Ey? = (Y-Y)= 3,000 and r² = 0.8.
. Consider the following regression model: Y₁ =B₁ + B₂X₁ + u where Ex? = (X₁-X)= 1,500, Ey? = (Y-Y)= 3,000 and r² = 0.8. Using this information above to calculate the numerical value for $₂. [4 Marks]