Use computer software to obtain the multiple regression equation. Use the estimated equation to find the predicted value.
-A study of food consumption in the country related the level of food consumed to an index of food prices and an index of personal disposable income. Next year, the income index number is expected to be 101.1, and the
Price index is expected to be 107.2. These numbers would indicate a predicted value for food consumption.
A) 105.7
B) 94.3
C) 99.2
D) 102.1

Question

Use computer software to obtain the multiple regression equation. Use the estimated equation to find the predicted value.
-A study of food consumption in the country related the level of food consumed to an index of food prices and an index of personal disposable income. Next year, the income index number is expected to be 101.1, and the
Price index is expected to be 107.2. These numbers would indicate a predicted value for food consumption. 
A) 105.7 
B) 94.3 
C) 99.2 
D) 102.1

Quizplus · Accepted Answer

Without knowledge of the actual multiple regression equation and data used in the study, it is impossible to determine the predicted value with certainty. However, based on the information given (that the income index is expected to be 101.1 and the price index is expected to be 107.2), the predicted value for food consumption would likely be closest to the value predicted by choice D (102.1).

Use Computer Software to Obtain the Multiple Regression Equation