loading

Regression Methods and Time Series Analysis

Question:
Assume that you had estimated the following quadratic regression model:

Happiness_hat = 607.3 + 3.85 Income - 0.0423 Income2.

If Income increased from 10 to 11 (income is measured in thousands), then the predicted change in Happiness would be (round to two decimals):
Answer:
2.96
View as Flashcard Deck

About this Free Flashcard Deck

Last update by aaronprice84 on 10/17/2011
  • Share
Regression Methods and Time Series Analysis
Regression Methods and Time Series Analysis
Total Views: 92157
For the Actex Course
Teams This Deck Belongs To
Deck does not belong to any team.
Others Studying this Deck
Free Flashcard From Regression Methods and Time Series Analysis
Question: Assume that you had estimated the following quadratic regression model:Happiness_hat = 607.3 + 3.85 Income - 0.0423 Income2. If Income increased from 10 to 11 (income is measured in thousands), then the predicted change in Happiness would be (round to two decimals):
Answer: 2.96