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ape 1: 1 age 2: 2 3 4 Question 9 (3 points) Four regression models are estimated using a different number of independent variables x)
ape 1: 1 age 2: 2 3 4 Question 9 (3 points) Four regression models are estimated using a different number of independent variables x) but with the same data and dependent variable ly. Based on the goodness-of-fit measures below, which of the following models provides the best fit or is the most accurate? Model 1 Model 2 Model 3 Model 4 Multiple R 0.515 0.522 0.505 0.387 R Square 0.265 0.273 0.255 0.15 Adjusted R Square 0.251 0.249 0.252 0.099 Standard Error 250 250.05249.05 277.63 Observations 2502 3500 2700 1600 5 age 3: Model 1 age 4 7 Model 2 Model 3 age 5: 8 Model 4
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