In trying to determine the relationship between consumer sentiment on annualizedGDP growth, you collect data for 40 quarters, and regress GDP growth as thedependent variable on consumer sentiment as independent variable. The datastatistics and regression results are as follows:GDP growth SentimentMean 2.6St.Dev. 2.9979Regression results:R-squared0.51Standard error 0.56Intercept2.34Intercept std. error 1.60.290.11SlopeSlope std. errorWhat is the variance of the prediction error if you try to predict GDP growth whenconsumer sentiment 95, using the results of this regression?(Bonus thinking question: Is your prediction statistically different from zero at a 5%level of significance?)

It is given that the GDP growth rate is a dependent variable (Y) and consumer sentiment (X) is the…

In trying to determine the relationship between consumer sentiment on annualized GDP growth, you collect data for 40 quarters, and regress GDP growth as the dependent variable on consumer sentiment as independent variable. The data statistics and regression results are as follows: GDP growth Sentiment 97 Mean 2.6 St.Dev. 2.9 Regression results: R-squared Standard error 0.51 0.56 Intercept 2.34 Intercept std. error 1.6 0.29 0.11 Slope Slope std. error What is the variance of the prediction error if you try to predict GDP growth when consumer sentiment 95, using the results of this regression? (Bonus thinking question: Is your prediction statistically different from zero at a 5% level of significance?)

In trying to determine the relationship between consumer sentiment on annualized GDP growth, you collect data for 40 quarters, and regress GDP growth as the dependent variable on consumer sentiment as independent variable. The data statistics and regression results are as follows: GDP growth Sentiment 97 Mean 2.6 St.Dev. 2.9 Regression results: R-squared Standard error 0.51 0.56 Intercept 2.34 Intercept std. error 1.6 0.29 0.11 Slope Slope std. error What is the variance of the prediction error if you try to predict GDP growth when consumer sentiment 95, using the results of this regression? (Bonus thinking question: Is your prediction statistically different from zero at a 5% level of significance?)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 12PPS

See similar textbooks