EXCEL: Multiple Regression. Regression Model. A multiple regression model is: y = β 1 + β 2 x 2 + β 3 x 3 + u Such that: y is dependent variable x 2 and x 3 are independent variables β 1 is constant β 2 and β 3 are regression coefficients
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y = β1+ β2 x2+ β3 x3+ u
y = b1 + b2 x2 + b3 x3
y = 0.8966 + 0.3365x + 0.0021z