To study the factors affecting the use of credit capital by households, a multiple linear regression model is
estimated using a sample of 1,923 households. The estimation results are reported in the following table:
Source | SS df MS Number of obs = 1923
-------------+------------------------------ F( 7, 1915) = 65.54
Model | 1.5494e+10 7 2.2135e+09 Prob > F = 0.0000
Residual | 6.4673e+10 1915 33771749.7 R-squared = 0.1933
-------------+------------------------------ Adj R-squared = 0.1903
Total | 8.0167e+10 1922 41710254.8 Root MSE = 5811.3
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luongvay | Coef. Std. Err. t P>|t| [95% Conf. Interval]
-------------+----------------------------------------------------------------
sonhankhau | 537.7104 82.22934 6.54 0.000 376.4419 698.9789
thanhthi | -538.8633 364.1021 -1.48 0.139 -1252.942 175.215
gioitinh | 58.96907 330.0522 0.18 0.858 -588.3304 706.2685
tuoi | -21.95486 11.20995 -1.96 0.050 -43.93984 .0301286
chitieu | 1.034466 .1034472 10.00 0.000 .8315848 1.237347
thunhap | .1063336 .011984 8.87 0.000 .0828305 .1298368
tietkiem | -.020165 .010918 -1.85 0.065 -.0415774 .0012475
_cons | -838.6507 745.0253 -1.13 0.260 -2299.797 622.4955
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Where:
Dependent variable:
luongvay: Household loan amount (1,000 VND)
Independent variables:
✓ thanhthi: Dummy variable (1/0), equal to 1 for urban households
✓ chitieu: Average household expenditure (1,000 VND)
✓ tietkiem: Average household savings (1,000 VND)
✓ sonhankhau: Total number of household members (persons)
✓ thunhap: Average household income (1,000 VND)
✓ gioitinh: Dummy variable (1/0) for the borrower’s gender, equal to 1 if female
✓ tuoi: Age of the borrower (years)
✓ _cons: Intercept (constant term) in the model
Requirements:
1. For each explanatory variable in the regression model, state whether it is statistically significant
or not. Why?
2. Is the overall model statistically significant?
3. Based on the table above, write the estimated regression equation that analyzes the factors
affecting household loan amounts: