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Author Question: In multiple regression, when two or more independent variables are highly correlated with one ... (Read 35 times)

Charlie

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on: Mar 6, 2021

Question 1

Grandy's Beer was to manufacture 600 cases of ale next week. The accountant provided the following analysis of total manufacturing costs. 

VariableCoefficientStandard Errort-Value
Constant15082.391.29
Independent variable245103.252.19
 r2 = 0.83 

What is the estimated cost of producing the 600 cases of ale?
◦ $147,150
◦ $90,245
◦ $61,950
◦ $49,434

Question 2

In multiple regression, when two or more independent variables are highly correlated with one another, the situation is known as ________.
◦ heteroscedasticity
◦ homoscedasticity
◦ multicollinearity
◦ autocorrelation
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Marked as best answer by Charlie on Mar 6, 2021

ally

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Charlie

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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