Reference no: EM132293992
Assignment - Use the attached data set answer the following questions.
Question 1 - Run a regression of Y on x1, x2 and x3 and answer the following questions.
i) State the fitted regression model.
ii) Conduct a hypothesis test that X2 is positively related to Y.
iii) Test the hypothesis H = β = β = β = β = 0 against the hypothesis that at least one coefficient is non-zero.
Question 2 - Run a regression of Y on x1, x2, x3, x4 and answer the following questions.
i) Compare and contrast the standard errors on the estimates of β3 from both regressions.
ii) Compare the fit of the two models using an appropriate measure of model fit.
Question 3 - Plot the standardized residuals from the regression in question 2 above against the fitted values and use these to answer the following questions.
1) Do there appear to be any outliers? Be sure to state your criterion for determining outliers.
2) Do the outliers exhibit any particular pattern? If so, state this pattern and give an explanation for its occurrence.
Attachment:- Assignment Files.rar