7.2 Describe the recommended approach towards determining model specification. How does the R2 help in determining an

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7.2 Describe the recommended approach towards determining model specification.

How does the R2 help in determining an appropriate model? Is the ideal model the one with the highest R2? Should a regressor be included in the model if it increases the model R2?

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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Question Posted: Oct 26, 2024 01:00 AM

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7.2 Describe the recommended approach towards determining model specification. How does the R2 help in determining an

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Introduction To Econometrics

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