(Answered) The computer output for the multiple regression analysis

Management Studies

The computer output for the multiple regression analysis provided this information for 15 data points.

Model: y=B₀+B₁X₁+B₂X₂+B₃X₃

b₀=1.04 b₁=1.29 b₂=2.72 b₃=0.41

SE(b₁)=0.42 SE(b₂)=0.65 SE(b₃)=0.17

a) Which, if any, of the independent variables contribute the information into prediction? Explain.

b) Give the least-squares prediction equation. Provide the assumptions for the error term in your equation.

c) What is practical interpretation of B₁? B₂? B₃?

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