Consider the following sample regressions for the linear, the quadratic,and the cubic models along with their respective R2 and adjusted r2.LinearQuadraticCubicIntercept9.529.869.912.622.711.80x2NA-0.31-0.33x3NANA0.26R20.8000.8240.883Adjusted R20.7970.8210.882a. Predict y for x = 2 and 5 with each of the estimated models. (Roundintermediate calculations to at least 4 decimal places and finalanswers to 2 decimal places.)Linear ŷQuadratic ŷCubic ýx = 2x = 5

The regression is a popular statistical tool used in fields like economics, investing and finance to…

Consider the following sample regressions for the linear, the quadratic, and the cubic models along with their respective r² and adjusted r2. Linear Quadratic Cubic Intercept 9.52 9.86 9.91 2.62 2.71 1.80 NA -0.31 -0.33 NA NA 0.26 0.800 0.824 0.883 Adjusted R2 0.797 0.821 0.882 a. Predict y for x =2 and 5 with each of the estimated models. (Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places.)

Consider the following sample regressions for the linear, the quadratic, and the cubic models along with their respective r² and adjusted r2. Linear Quadratic Cubic Intercept 9.52 9.86 9.91 2.62 2.71 1.80 NA -0.31 -0.33 NA NA 0.26 0.800 0.824 0.883 Adjusted R2 0.797 0.821 0.882 a. Predict y for x =2 and 5 with each of the estimated models. (Round intermediate calculations to at least 4 decimal places and final answers to 2 decimal places.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 4E

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