Y X2 75 90 70 110 95 130 100 150 115 170 12 10

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 51E
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Question 1

You are given the hypothetical data on weekly consumption expenditure (Y), weekly income (X2), and wealth (X3), all in dollars.

a) Do separate regressions of Y on X2 and Y on X3. What do these regressions reveal?

Y
X2
X3
75
90
815
70
110
1014
95
130
1278
100
150
1430
115
170
1638
120
190
1881
125
210
2257
145
230
2208
165
250
2440
155
270
2691
Transcribed Image Text:Y X2 X3 75 90 815 70 110 1014 95 130 1278 100 150 1430 115 170 1638 120 190 1881 125 210 2257 145 230 2208 165 250 2440 155 270 2691
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