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An economist is interested to see how consumption for an economy (in $ billions). is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Minitab output of this regression is reproduced below. Coefficients Term Constant GDP Price Model Summary S 0.299 Coef a. GDP Only -0.0861 0.7654 -0.0006 Analysis of Variance Source Regression O b. Price Only R-sq 0.98% DF c. Both GDP and Price. 2 7 9 O d. Neither GDP nor Price SE Coef 0.5644 0.0574 0.0028 R-sq(adj) 0.98% Adj SS 33.4163 0.6277 34.0440 T-Value -0.1520 13.3400 -0.1290 Adj MS 16.7082 0.0897 Error Total Referring to the table above, which of the following coefficients is statistically significant? P-Value 0.8837 0.0001 0.8330 F-Value P-Value 186.325 0.049

An economist is interested to see how consumption for an economy (in $ billions). is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Minitab output of this regression is reproduced below. Coefficients Term Constant GDP Price Model Summary S 0.299 Coef a. GDP Only -0.0861 0.7654 -0.0006 Analysis of Variance Source Regression O b. Price Only R-sq 0.98% DF c. Both GDP and Price. 2 7 9 O d. Neither GDP nor Price SE Coef 0.5644 0.0574 0.0028 R-sq(adj) 0.98% Adj SS 33.4163 0.6277 34.0440 T-Value -0.1520 13.3400 -0.1290 Adj MS 16.7082 0.0897 Error Total Referring to the table above, which of the following coefficients is statistically significant? P-Value 0.8837 0.0001 0.8330 F-Value P-Value 186.325 0.049

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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An economist is interested to see how consumption for an economy (in $ billions). is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Minitab output of this regression is reproduced below. Coefficients Term Constant GDP Price Model Summary S 0.299 Error Total Coef -0.0861 0.7654 -0.0006 R-sq Analysis of Variance Source Regression 0.98% DF 2 7 9 O a. GDP Only b. Price Only O c. Both GDP and Price O d. Neither GDP nor Price SE Coef 0.5644 0.0574 0.0028 R-sq(adj) 0.98% Adj SS 33.4163 0.6277 34.0440 T-Value -0.1520 13.3400 -0.1290 Adj MS 16.7082 0.0897 P-Value 0.8837 0.0001 0.8330 F-Value P-Value 0.049 186.325 Referring to the table above, which of the following coefficients is statistically significant?
Transcribed Image Text:An economist is interested to see how consumption for an economy (in $ billions). is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Minitab output of this regression is reproduced below. Coefficients Term Constant GDP Price Model Summary S 0.299 Error Total Coef -0.0861 0.7654 -0.0006 R-sq Analysis of Variance Source Regression 0.98% DF 2 7 9 O a. GDP Only b. Price Only O c. Both GDP and Price O d. Neither GDP nor Price SE Coef 0.5644 0.0574 0.0028 R-sq(adj) 0.98% Adj SS 33.4163 0.6277 34.0440 T-Value -0.1520 13.3400 -0.1290 Adj MS 16.7082 0.0897 P-Value 0.8837 0.0001 0.8330 F-Value P-Value 0.049 186.325 Referring to the table above, which of the following coefficients is statistically significant?
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