Consider the following regression model: Dependent Variable: MU Sample: 134
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
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Question
Consider the following regression model:
Dependent Variable: MU |
||||
Sample: 134 |
||||
Variable |
b |
BETA |
t-Statistic |
P-value |
Constant |
7.292206 |
|
6.666348 |
0.0000 |
COLLEGE |
-0.115133 |
-0.23 |
-4.437697 |
0.0000 |
GROWTH |
0.018898 |
0.01 |
1.718810 |
0.0880 |
SENIORS |
-0.022380 |
-0.24 |
-0.731017 |
0.4661 |
WAGE |
-0.0000294 |
-0.001 |
-0.874836 |
0.3833 |
R-squared |
0.192456 |
Mean dependent var |
3.852239 |
|
Adjusted R-squared |
0.167416 |
S.D. dependent var |
1.928368 |
Where MU = metropolitan area unemployment rate, COLLEGE = percentage of the metropolitan area population with a college degree, GROWTH = growth rate of the metropolitan area population, SENIORS = percentage of the metropolitan area population that is elderly, and WAGE = average metropolitan area wage
- Which two variables have the least impact on MU?
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