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An Economist Estimates the Following Model: Y = β0

Question 20

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An economist estimates the following model: y = β0 + β1x + ε.She would like to construct interval estimates for y when x equals 2.She estimates a modified model where y is the response variable and the explanatory variable is now defined as x+ = x - 2.A portion of the regression results is shown in the accompanying table. An economist estimates the following model: y = β<sub>0</sub> + β<sub>1</sub>x + ε.She would like to construct interval estimates for y when x equals 2.She estimates a modified model where y is the response variable and the explanatory variable is now defined as x<sup>+</sup> = x - 2.A portion of the regression results is shown in the accompanying table. According to the modified model,which of the following is the predicted value of y when x equals 2? A) 2.52 B) 24.78 C) 27.30 D) 29.82 An economist estimates the following model: y = β<sub>0</sub> + β<sub>1</sub>x + ε.She would like to construct interval estimates for y when x equals 2.She estimates a modified model where y is the response variable and the explanatory variable is now defined as x<sup>+</sup> = x - 2.A portion of the regression results is shown in the accompanying table. According to the modified model,which of the following is the predicted value of y when x equals 2? A) 2.52 B) 24.78 C) 27.30 D) 29.82 According to the modified model,which of the following is the predicted value of y when x equals 2?


A) 2.52
B) 24.78
C) 27.30
D) 29.82

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