In а study оf fоreign bаnk hоldings in the US bаnks, year-end shares of assets in the US bank subsidiaries held by foreigners (as a percentage of total assets) was related to: X1 = Annual change in billions of dollars, in foreign direct investment in the US (excluding finance, insurance, and real estate);X2 = Bank price – earnings ratio;X3 = Index of exchange value of the dollar. The regression results from the sample data gave the following population parameter estimates: constant = -3.248b1 = .101 b2 = -.244 b3 = .057 R2 = .93 What is the estimate year-end share of assets in the US bank held by foreigners for a particular year if the annual change in the foreign direct investment in the US (excluding finance, insurance, and real estate) was $50 billion, the bank price-earnings was 12, and the index of exchange value of the dollar was 175?
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