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Q2a) Regression Model

SOLUTION

Regression Model

The population regression model is expressed as:

    \[ Y = \beta_0 + \beta_1X_1 + \beta_2X_2 + \beta_3X_3 + \epsilon \]

Where:

Y is the dependent variable (INTENT).

X_1, X_2, X_3 are the independent variables (AGE, EDUC, INCOME).

\beta_0, \beta_1, \beta_2, \beta_3 are the regression coefficients.

\epsilon is the error term.

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