A student estimated a regression model that used the number of pages in bestselling hardcover books to

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A student estimated a regression model that used the number of pages in bestselling hardcover books to predict the book’s price. Explain why this conclusion is wrong: “The 0.75 R² is pretty large, when you consider that the price of a book is

$20; that is, $15 of the price is explained by the number of pages.”

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Essential Statistics Regression And Econometrics

ISBN: 9780123822215

1st Edition

Authors: Gary Smith

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Question Posted: Mar 15, 2024 05:01 AM

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A student estimated a regression model that used the number of pages in bestselling hardcover books to

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Essential Statistics Regression And Econometrics

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