The following estimated regression equation relating sales to inventory investment and advertising expenditures was given. ý = 21 + 13x₁ + 9x₂ The data used to develop the model came from a survey of 10 stores; for those data, SST = 16,000 and SSR = 11,680. (a) For the estimated regression equation given, compute R R². R² 2 (b) Compute R (Round your answer to two decimal places.) a 2

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
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The following estimated regression equation relating sales to inventory investment and advertising expenditures was given.
ý = 21 + 13x₁ + 9x₂
The data used to develop the model came from a survey of 10 stores; for those data, SST = 16,000 and SSR = 11,680.
(a) For the estimated regression equation given, compute R².
R² =
(b) Compute R2. (Round your answer to two decimal places.)
2
R₂
Transcribed Image Text:The following estimated regression equation relating sales to inventory investment and advertising expenditures was given. ý = 21 + 13x₁ + 9x₂ The data used to develop the model came from a survey of 10 stores; for those data, SST = 16,000 and SSR = 11,680. (a) For the estimated regression equation given, compute R². R² = (b) Compute R2. (Round your answer to two decimal places.) 2 R₂
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