183k views
2 votes
Write the general form and the prediction equation of the second-order regression model for wage growth.

User Yoonkyung
by
8.2k points

1 Answer

4 votes

Final answer:

In a second-order regression model, the general form is y = a + bx + cx². To find the prediction equation, specific data points and corresponding wage growth values are needed.

Step-by-step explanation:

The general form of a second-order regression model is given by the equation:

y = a + bx + cx²

In this case, the wage growth is the dependent variable (y), and x represents the independent variable (such as years). The general form of the second-order regression model for wage growth would be:

wage growth = a + bx + cx²

To find the prediction equation, we need specific data points and the corresponding values for wage growth.

User Ji Ra
by
7.7k points