A Multiple Regression Equation with Two Predictor Variables Is Calculated

question 63

Multiple Choice

A multiple regression equation with two predictor variables is calculated for a set of scores.If the constant values in the equation are b₁ = 2,b₂ = -3,and a = 7,then what Y value would be predicted for an individual with X₁ = 2 and X₂ = 4?​

• A)1​
• B)​-1
• C)​17
• D)​41

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Definitions:

Keynesian Theory

An economic theory which asserts that government intervention through fiscal policy can influence macroeconomic productivity levels.

Keynesian Economics

An economic theory proposed by John Maynard Keynes, suggesting that government intervention can stabilize economies by managing demand.

Supply-Side

An economic theory that emphasizes the role of production, investment, and innovation in driving economic growth, often advocating for reducing barriers for entrepreneurs and businesses.

Monetarist

An economist who holds the belief that variations in the money supply have major influences on national output in the short run and the price level over longer periods.