. Consider the following regression model: Y₁ =B₁ + B₂X₁ + u where Ex? = (X₁-X)= 1,500, Ey? = (Y-Y)= 3,000 and r² = 0.8.
Posted: Wed Jul 06, 2022 6:19 am
. 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]