b) Consider the output analysis from an econometric package called Stata based on variables Price Replicative Index (PRI) and Sales (SL) below. Lower Upper 95% Standard P- Coefficients Error t Stat...


b) Consider the output analysis from an econometric package called Stata based on variables<br>Price Replicative Index (PRI) and Sales (SL) below.<br>Lower Upper<br>95%<br>Standard<br>P-<br>Coefficients<br>Error<br>t Stat value<br>95%<br>Intercept<br>11.92<br>3.08<br>3.88<br>0.005<br>4.83<br>19.01<br>pri (X)<br>-0.03<br>0.03<br>-0.90 0.394<br>-0.10<br>0.04<br>ANOVA<br>Significance<br>df<br>SS<br>MS<br>F<br>Regression<br>8.113002 8.113002 0.811432<br>0.394006<br>Residual<br>79.987<br>9.998375<br>Total<br>88.1<br>i.<br>State the regression model and interpret.<br>How significant are the parameters?<br>State the confidence intervals and interpret.<br>11.<br>111.<br>iv.<br>How significant is the regression model in explaining the data?<br>Comment on the Standard Error.<br>V.<br>- 00<br>

Extracted text: b) Consider the output analysis from an econometric package called Stata based on variables Price Replicative Index (PRI) and Sales (SL) below. Lower Upper 95% Standard P- Coefficients Error t Stat value 95% Intercept 11.92 3.08 3.88 0.005 4.83 19.01 pri (X) -0.03 0.03 -0.90 0.394 -0.10 0.04 ANOVA Significance df SS MS F Regression 8.113002 8.113002 0.811432 0.394006 Residual 79.987 9.998375 Total 88.1 i. State the regression model and interpret. How significant are the parameters? State the confidence intervals and interpret. 11. 111. iv. How significant is the regression model in explaining the data? Comment on the Standard Error. V. - 00

Jun 10, 2022
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