Last answered:

23 Dec 2019

Posted on:

22 Dec 2019

0

How to Interpret the Regression Table exercise question 3

Hello guys! Can please someone explain to me why the answer to the below question is this? Its from the course "advanced statistical methods in python, lecture " How to Interpret the Regression Table".
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Instructor
Posted on:

23 Dec 2019

0
Hi Vasiliki, The regression output where we will base our estimation is as follows: The values to consider are 0.275 for constant and 0.0017 for regression coefficients. However, the question says we assume that coefficient with a p-value greater than 0.05 is not significantly different from 0, in other words, disregard it. The p-values in the table are those under column P>ltl.   So we have to disregard the 0.2750 since its p-value is 0.503. Hence, our estimation for SAT score 1850 is GPA = 0.0017*1850 which is equal to 3.145. Hope this helps. Best, The 365 Team

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