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An Estimated Multiple Regression Model Has the Form y^=β^0+β^1x1+β^2x2.\hat { y } = \hat { \beta } _ { 0 } + \hat { \beta } _ { 1 } x _ { 1 } + \hat { \beta } _ { 2 } x _ { 2 } .

Question 84

Multiple Choice

An estimated multiple regression model has the form y^=β^0+β^1x1+β^2x2.\hat { y } = \hat { \beta } _ { 0 } + \hat { \beta } _ { 1 } x _ { 1 } + \hat { \beta } _ { 2 } x _ { 2 } . Which of the following best describes β^2\hat { \beta } _ { 2 } ?


A) We estimate for each one unit increase in x2, that y will increase by β^2\hat { \beta } _ { 2 } units, on average.
B) Whilst holding x1 constant, we estimate for each one unit increase in x2, that y will increase by β^2\hat { \beta } _ { 2 } units, on average.
C) Whilst holding x2 constant, we estimate for each one unit increase in x1, that y will increase by β^2\hat { \beta } _ { 2 } units, on average
D) Whilst holding x1 constant, we estimate for each one unit increase in x2, that y will increase by β^2\hat { \beta } _ { 2 } units, on average .

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