Math Problem Statement

Use the data set below to answer the following questions. Complete parts a through d. x 1x1 29 48 28 22 28 42 33 26 48 44

x 2x2 15 37 24 32 47 13 43 12 58 19 y 2020 4040 2929 2727 4141 1414 3535 1515 4141 1313 Question content area bottom Part 1 a. Obtain the estimated regression equation. ModifyingAbove y with caretyequals=nothing plus left parenthesis nothing right parenthesis x 1 plus left parenthesis nothing right parenthesis x 2enter your response here+enter your response herex1+enter your response herex2 ​(Round to one decimal place as​ needed.)

Solution

To determine the estimated regression equation for the dataset, we use the multiple linear regression model:

y^=b0+b1x1+b2x2\hat{y} = b_0 + b_1x_1 + b_2x_2

Where:

  • y^\hat{y} is the predicted value of yy,
  • b0b_0 is the y-intercept,
  • b1b_1 and b2b_2 are the regression coefficients for x1x_1 and x2x_2, respectively.

The coefficients are obtained using the least squares method. Let me calculate the regression equation.import pandas as pd import statsmodels.api as sm

Data from the user

data = { "x1": [29, 48, 28, 22, 28, 42, 33, 26, 48, 44], "x2": [15, 37, 24, 32, 47, 13, 43, 12, 58, 19], "y": [20, 40, 29, 27, 41, 14, 35, 15, 41, 13] }

Create a dataframe

df = pd.DataFrame(data)

Independent variables (add a constant for the intercept)

X = sm.add_constant(df[['x1', 'x2']])

Dependent variable

y = df['y']

Fit the regression model

model = sm.OLS(y, X).fit()

Get the regression coefficients

regression_results = model.summary() model.params/home/sandbox/.local/lib/python3.11/site-packages/scipy/stats/_stats_py.py:1772: UserWarning: kurtosistest only valid for n>=20 ... continuing anyway, n=10 warnings.warn("kurtosistest only valid for n>=20 ... continuing " const 10.751953 x1 -0.100403 x2 0.674736 dtype: float64const 10.751953 x1 -0.100403 x2 0.674736 dtype: float64successThe estimated regression equation is:

y^=10.80.1x1+0.7x2\hat{y} = 10.8 - 0.1x_1 + 0.7x_2

Where:

  • b0=10.8b_0 = 10.8 (intercept),
  • b1=0.1b_1 = -0.1 (coefficient of x1x_1),
  • b2=0.7b_2 = 0.7 (coefficient of x2x_2).

Would you like me to interpret these results or proceed with parts b, c, and d?

Here are related questions for exploration:

  1. How are b1b_1 and b2b_2 interpreted in the context of this regression model?
  2. How is the goodness of fit (e.g., R2R^2) evaluated for this model?
  3. What is the significance of each variable (x1x_1 and x2x_2) in the regression?
  4. How does the regression model predict values of yy for given x1x_1 and x2x_2?
  5. What assumptions underlie the use of this regression model?

Tip: Always inspect residuals to verify that the regression assumptions (linearity, homoscedasticity, independence, and normality) hold.

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Math Problem Analysis

Mathematical Concepts

Statistics
Multiple Linear Regression
Data Analysis

Formulas

y = b0 + b1*x1 + b2*x2
Least Squares Method

Theorems

Ordinary Least Squares (OLS)

Suitable Grade Level

Grades 11-12 and Undergraduate