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An econometrician modeled annual inventories (in $ Billion) against annual sales ($ billions) using simple linear model: Y = ln(Yt) =0+1ln(Xt),where Y = annual inventories,
An econometrician modeled annual inventories (in $ Billion) against annual sales ($ billions) using simple linear model:
Y = ln(Yt) =0+1ln(Xt),where Y = annual inventories, X = annual sales. Below is part of the output obtained using STATA.
ANOVA Table
Source
SS
df
Model
31.5296565
1
Residual
0.02131786
40
Total
31.5509744
41
Coefficients table
log_inventory
Coef.
Std. Err.
log_sales
0.99513
0.0040913
Constant
0.50741
0.0485611
What is the computed F-value for model?
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