Please answer parts 1,2,3 and kindly show all workings. Thank you. A researcher interested in explaining the level of foreign reserves for the country of Barbados estimated the following multiple...

Please answer parts 1,2,3 and kindly show all workings. Thank you.

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:

1. What is dependent and independent variables?


2. Fully write out the regression equation


3. Fill in the missing values ‘*’, ‘**’, ‘?’and ‘??’


4. Hence test whether ? is significant. Give reasons for your


5. Perform the F Test making sure to state the null and alternative


6. Given an interpretation of the term “R-sq” and comment on its value