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5. Explain how we find the significant and non-significant variables in our regression model. What does significance imply here? 6. What are the necessary conditions
5. Explain how we find the significant and non-significant variables in our regression model. What does "significance" imply here?
6. What are the necessary conditions for a valid regression model? Explain the one you choose in detail.
7. Explain very briefly what i) df, ii) SS, iii)Significance F, iv) coefficients, v) standard error, vi) p-value in the output below. What does a larger t value imply? How/Why do we use Significance F?
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