Solved

For the Following Multiple Regression Model y^=23x1+4x2+5x3\hat { y } = 2 - 3 x _ { 1 } + 4 x _ { 2 } + 5 x _ { 3 }

Question 21

Multiple Choice

For the following multiple regression model: y^=23x1+4x2+5x3\hat { y } = 2 - 3 x _ { 1 } + 4 x _ { 2 } + 5 x _ { 3 } , a unit increase in x1, holding x2 and x3 constant, results in:


A) a decrease of 3 units on average in the value of y.
B) an increase of 8 units in the value of y.
C) an increase of 3 units on average in the value of y.
D) None of these choices.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions