Mathematics, 15.12.2021 17:40, adrian08022

A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds to randomly select 26 large corporations and record information in millions of dollars. The Microsoft Excel output below shows results of this multiple regression. SUMMARY OUTPUT
Regression Statistics
Multiple R 0.830
R Square 0.689
Adjusted R Square 0.662
Standard Error 17501.643
Observations 26

ANOVA
df SS MS F Signif F
Regression 2 15579777040 7789888520 25.432 0.0001
Residual 23 7045072780 306307512
Total 25 22624849820

Coeff StdError t Stat P-value
Intercept 15800.0000 6038.2999 2.617 0.0154
Capital 0.1245 0.2045 0.609 0.5485
Wages 7.0762 1.4729 4.804 0.0001

Please analyze in detail the regression outcome, what conclusions you can make? Discuss and explain. (Hints: Construct the model, interpret b1 and b2, pay attention on R square, t-stat’s p-value and F-stats significance, what do they tell about the model?)

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 14:20, gigi246899

Which function families have maximums and minimums? 1.)linear absolute value functions and exponential functions 2.) linear absolute value functions and quadratic functions 3.) linear absolute value functions and linear functions 4.) linear absolute value functions and constant functions

Answers: 2

continue

Mathematics, 21.06.2019 15:30, httpsjuju

The equation respenting the left table is

Answers: 2

continue

Mathematics, 21.06.2019 19:30, markel19

The position of a moving particle is given by the position function: f(t)=-9t-t^2-0.2t^3+0.1t^4 0 a. at what time does the particle reverse direction? b. when is the displacement positive? (round one decimal place and answer in interval notation) c. when is the displacement negative? (round one decimal place and answer in interval notation) d. when is the particle’s acceleration positive? (round one decimal place and answer in interval notation) e. when is the particle’s acceleration negative? (round one decimal place and answer in interval notation)

Answers: 3

continue

Mathematics, 21.06.2019 20:30, gamelaza431

At the "no mutants allowed" country farm, every sheep has 4 legs, every chicken has two legs, and all animals have only 1 head. asked to count how many sheep and chicken are in the fields, a farm boy reports back that there are 140 feet and 50 heads. how many sheep and chicken are there? there are sheep and chicken at the farm.

Answers: 1

continue

Do you know the correct answer?

A microeconomist wants to determine how corporate sales are influenced by capital and wage spending...