8. Consider R2. {3) 111 your own words, what is H2 measuring? (b) Many top publications in economics obtain R2 values of [1.2 or even
8. Consider R2. {3) 111 your own words, what is H2 measuring? (b) Many top publications in economics obtain R2 values of [1.2 or even less. Does this bother researchers or readers? (c) For a simple linear regression model, what does R2 = 0 imply about {3' 1'? What does it imply about ,3\
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