Given the Partial Excel Output from a Multiple Regression, Formulate

question 46

Essay

Given the partial Excel output from a multiple regression, formulate the regression model.
​ $$\begin{array} { | l | c | c | } \hline & \text { Coefficients } & \text { Standard Error } \\\hline \text { Intercept } & 37,375.357 & 3,721.625 \\\hline x _ { 1 } & 55.655 & 9.370 \\\hline x _ { 2 } & - 5.750 & 3.575 \\\hline x _ { 3 } & 0.213 & 0.373 \\\hline\end{array}$$ ​

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Definitions:

Potential Output

The maximum level of economic productivity that can be maintained in the long run without causing inflation to rise.

Governmental Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, and taxes.

Discretionary Policy

Economic policies based on judgment decisions by policymakers, as opposed to rules-based policies, to manage the economy.

Policy Tools

Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.