A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple regression model using yearly data spanning the period 2001 to 2016:...

A researcher interested in explaining the level of foreign reserves for the country of Barbados
estimated the following multiple regression model using yearly data spanning the period 2001 to

2016:

??=?+????+????+????
Where FR = yearly foreign reserves ($000’s), OIL = annual oil prices, EXP = yearly total exports

($000’s) and FDI = annual foreign direct investment ($000’s). The sample of data was processed

using MINITAB and the following is an extract of the output obtained:

Predictor             Coef             StDev      t-ratio         p-value

Constant             5491.38       2508.81     2.1888        0.0491
OIL                      85.39           18.46         4.626          0.0006
EXP                     -377.08        112.19         *               0.0057
FDI                     -396.99         160.66      -2.471            **

S = 2.45 R-sq = 96.3% R-sq(adj) = 95.3%

Analysis of Variance
Source            DF       SS         MS        F         p
Regression       3     1991.31  663.77   ?         ??
Error                12       77.4      6.45
Total                15

a) What is dependent and independent variables?
b) Fully write out the regression equation
c) Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’