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Regression Model of Independent Variables

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Consider the set of dependent and independent variables that can be found in the attached Excel file Prob 151.xlsx.
a) construct a regression model using both independent variables
b) test the significance of each independent variable using alpha = 0.05
c) interpret the p-value for each independent variable

Data set

y x1 x2
10 2 16
11 3 10
15 3 13
15 9 10
20 7 2
24 11 8
27 16 7
32 20 4

Please be sure to send me your excel file.

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Solution Summary

The solution provides step by step method for the calculation of regression analysis. Formula for the calculation and Interpretations of the results are also included.

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