Applying the OLS model to our data give us the following regression equation: ŷ = 3.41 + 12.89 x.
What would the forecast value be when the independent variable is 15.0?
A)196.76
B)16.30
C)244.50
D)32.19

Question

Quizplus · Accepted Answer

To forecast the value when the independent variable is 15.0, substitute x = 15.0 into the regression equation: ŷ = 3.41 + 12.89(15.0) = 3.41 + 193.35 = 196.76.

Applying the OLS Model to Our Data Give Us the Following