Homework Help is Here – Start Your Trial Now!
Math
Statistics
where  and  denote the estimates of the line intercept α and slope β, respectively. Given the following data: Y: 11  14  20  19  20                                                               X:   1    2    3    4    5  Calculate the OLS estimates for the simple linear model in equation (1). Estimate the standard error of the regression in equation (1). Compute the regression’s and test whether this is significantly different from zero at 5% and 1% statistical significance levels. You can find the F-test’s critical values in the Tables in the appendix A at the end of the exam paper

where  and  denote the estimates of the line intercept α and slope β, respectively. Given the following data: Y: 11  14  20  19  20                                                               X:   1    2    3    4    5  Calculate the OLS estimates for the simple linear model in equation (1). Estimate the standard error of the regression in equation (1). Compute the regression’s and test whether this is significantly different from zero at 5% and 1% statistical significance levels. You can find the F-test’s critical values in the Tables in the appendix A at the end of the exam paper

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
See similar textbooks
icon
Related questions
Question

Consider the following model:

, Equation (1)

where  and  denote the estimates of the line intercept α and slope β, respectively.

Given the following data:

Y: 11  14  20  19  20

                                                              X:   1    2    3    4    5 

  1. Calculate the OLS estimates for the simple linear model in equation (1).
  2. Estimate the standard error of the regression in equation (1).
  3. Compute the regression’s and test whether this is significantly different from zero at 5% and 1% statistical significance levels. You can find the F-test’s critical values in the Tables in the appendix A at the end of the exam paper.

           

Expert Solution
steps

Step by step

Solved in 5 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS