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Coefficients in multivariate linear regression

by | Nov 30, 2023 | questions

The variables areannual earning (dep) and age (indept) and hrs worked (indept) I have to give the best statement that applies to each coefficient. There are choices. My coefficients are b0 = 378.1, b1 = 2.5 and b2 = 242.76.

First b0:

1. For a decrease of 1 in any, annual earnings changes by b0.

2. For an increase of 1 in any variable, annual earning changes by b0.

3. For a change of b0 in any variable, the annual earning decrease by 1.

4. For a change of bo in any variable, the annual earning increase by 1.

5. This paraemeter does not have practicfal interpretation.

b1:

1. An increase of 1 in age, theannual earning changes by b1.

2. a decrease of 1 in age, the annual earnings changes by b1.

3. For achange of b1 in age, the annual earning decreases by 1.

4. For a change of b1 in age, the annual earning increase by 1

5. this parameter does not have a practical interpretation.

b2:

1. A decrease of 1 in hrs worked, annual eanings changes by b2.

2. for a change of b2 in hrs worked, annual earnings increase by 1.

3. For a change of b2 in hrs worked, annual earnings decrease by 1.

4. an increase of 1 in hrs worked, annual earnings changes by b2.

5. This paraemeter does not have practicfal interpretation.

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