Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9) When we regress vote on growth, the R2 that comes with Stata is 0.3475. When we regress vote on growth, person, and inflation, the
9) When we regress vote on growth, the R2 that comes with Stata is 0.3475. When we regress vote on growth, person, and inflation, the R that comes with Stata is 0.3929. What can we conclude? (3 points) a) Multiple regression model is a better fit than the simple linear regression model, since R2 increases in the multiple regression model b) Simple regression model is a better fit than the multiple linear regression model, when we compare R2 c) We cannot compare R2 between simple and multiple regression models because R2 will always increase when we add more x variables, however irrelevant they are d) None of the above if R2=0.8, SST = 500 and N= 22. Use simple regression model. (5 - 10) is points) 9) When we regress vote on growth, the R2 that comes with Stata is 0.3475. When we regress vote on growth, person, and inflation, the R that comes with Stata is 0.3929. What can we conclude? (3 points) a) Multiple regression model is a better fit than the simple linear regression model, since R2 increases in the multiple regression model b) Simple regression model is a better fit than the multiple linear regression model, when we compare R2 c) We cannot compare R2 between simple and multiple regression models because R2 will always increase when we add more x variables, however irrelevant they are d) None of the above if R2=0.8, SST = 500 and N= 22. Use simple regression model. (5 - 10) is points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started