A linear regression model has been estimated for the variables Y="monthly consumption of veal (kg)", X1="monthly monetary household income (thousand EUR)" and X2="household size (number of members)" using data for a random sample of 80 households. The following results have been obtained: b0=0.3 b1=0.5 b2=0.7 R-sq=0.9 R=0.95,Interpret the value of regression coefficient b2

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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A linear regression model has been estimated for the variables Y="monthly consumption of veal (kg)", X1="monthly monetary household income (thousand EUR)" and X2="household size (number of members)" using data for a random sample of 80 households. The following results have been obtained:

b0=0.3 b1=0.5 b2=0.7 R-sq=0.9 R=0.95,Interpret the value of regression coefficient b2.

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