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A researcher form Bank of Namibia was asked to investigate the relationship between foreign direct investments (FDI) in Namibia. A simple regression was performed
A researcher form Bank of Namibia was asked to investigate the relationship between foreign direct investments (FDI) in Namibia. A simple regression was performed using annual data from between 2007-2017 yielded the output presented below: ANOVA Regression Residual Intercept FDI df 1 8 Coefficients 189.15 11.12 SS 668.90 357.6106 Standard Error 3.1871 0.2875 MS 668.90 44.70 b) Interpret the estimated function in (a) t Stat P-value ???? ???? F 14.96 a) Express the regression estimation for the output above d) Calculate the coefficient of determination c) Is this a Bivariate or a Multivariate model? Justify. Significance F 0.0612 0.0635 -2.2698 0.0048 0.4491 h) Is the model statistically significant? Justify Lower 95.0% Upper 95.0% 40.1011 1.7750 e) Is the result in (e) reflecting a weak, strong or no relationship at all? Justify. f) Calculate the coefficient of correlation (3) (3) (5) (3) (5) g) Perform a test statistic to determine whether there is a significant relationship between the explanatory variables and the explained variable. (10) (2)
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