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3 years ago

How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?

Business

1 answer:

kati45 [8]3 years ago

5 0

Answer and explanation:

Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the <em>simple linear regression</em> is predicted from one variable, the <em>multiple regression</em> is predicted for more than one of them.

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3 years ago

Which of the following is the number one method of financing for most new businesses

pashok25 [27]

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4 years ago

How can gdp per capita and poverty rates indicate standards of living in each system?

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3 years ago

Suppliers will supply more of a good when the price of that good rises because the opportunity cost of producing that good has r

Taya2010 [7]

Answer:

B. False

Explanation:

Opportunity cost of producing a good for the supplier are the profits that they could make from other goods that they are not producing, for example if a supplier is producing cars the opportunity cost are the profits that the supplier can make by producing other products instead of cars. This statement is wrong because when the price of a good increases the opportunity cost of producing the good does not change because the opportunity cost of producing the good depends on the price and profits of other goods. In this case when the price increases the suppliers will supply more of this good because the opportunity cost of not producing the good increases because they can make higher profits now.

8 0

3 years ago

You plan to purchase a $350,000 house using either a 30-year mortgage obtained from your local savings bank with a rate of 8.20

Digiron [165]

Answer:

* The option of mortgage obtained at the rate of 8.20%:

+ Principal paid: $280,000

+ Interest paid: $473,735.6

* The option of mortgage obtained at the rate of 7.20%:

+ Principal paid: $280,000

+ Interest paid: $178,658

Monthly payment for the option of mortgage obtained at the rate of 8.20%: $2.093.71

Monthly payment for the option of mortgage obtained at the rate of 7.20%: $2,548.1

The difference on monthly payment between the two option is: $454.39

Explanation:

For both options, we will have to borrow 80% of the house's price because the down payment is 20% or we have to borrow 350,000 x 80% = $280,000 => The principal needs to be paid for two options is the same, $280,000.

<u>* For option of mortgage obtained at the rate of 8.20%:</u>

We apply the present value of annuity formula to find the interest rate paid and monthly payment with discount rate of 8.2%/12 and discounting period of 12*30 = 360

we have: 280,000 = PMT/(8.2%/12) * [ 1 - (1+8.2%/12)^-360] <=> PMT = $2.093.71

=> There is a total of 2.093.71 x 360 = $753,735.6 repayment has been made, with $280,000 is for principal repayment => Interest expenses paid = 753,735.6 - 280,000 = $473,735.6.

<u>* For option of mortgage obtained at the rate of 7.20%:</u>

We apply the present value of annuity formula to find the interest rate paid and monthly payment with discount rate of 7.2%/12 = 0.6% and discounting period of 12*15 = 180

we have: 280,000 = PMT/(0.6%) * [ 1 - (1+0.6%)^-180] <=> PMT = $2,548.1

=> There is a total of 2,548.1 x 180 = $458,658 repayment has been made, with $280,000 is for principal repayment => Interest expenses paid = 458,658 - 280,000 = $178,658.

8 0

3 years ago

Read 2 more answers