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6. Consider R2. (a) In your own words, what is Rz measuring? [13) Many top publications in economics obtain R2 values of 0.2 or even
6. Consider R2. (a) In your own words, what is Rz measuring? [13) Many top publications in economics obtain R2 values of 0.2 or even less. Does this bother researchers or readers? (c) For a simple linear regression model, what does R,2 = 0 imply about 1? What does it imply about ,8\
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