# Answer to Question #41402 in Statistics and Probability for aniket kumar

Question #41402

An economist want to estimate a multiple regression equation in which the (3)

amount saved by the ith family depends on the family’s income, whether the

family is graduate or non graduate, and whether the family is headed by a male

or female. Explain how a regression equation of this sort can be estimated. What

is the dependent variable ? What are the independent variables? What assumption

must be made ?

amount saved by the ith family depends on the family’s income, whether the

family is graduate or non graduate, and whether the family is headed by a male

or female. Explain how a regression equation of this sort can be estimated. What

is the dependent variable ? What are the independent variables? What assumption

must be made ?

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