Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I make the residual output? SUMMARY OUTPUT Regression Statistics Multiple R 0.98626901 R Square 0.97272657 Adjusted R So 0.96698479 Standard Erro 33.609921 Observations

How do I make the residual output?

image text in transcribed
SUMMARY OUTPUT Regression Statistics Multiple R 0.98626901 R Square 0.97272657 Adjusted R So 0.96698479 Standard Erro 33.609921 Observations 24 ANOVA df SS MS F Significance F Regression 4 765490.049 191372.512 169.412158 1.4121E-14 Residual 19 21462.909 1129.62679 Total 23 786952.958 Coefficients Standard Errol t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 92.5483972 1331.41336 0.06951139 0.94530895 -2694.1318 2879.22859 -2694.1318 2879.22859 PRICE -83.929004 22.4872266 -3.7322968 0.00141185 -130.99531 -36.862697 -130.99531 -36.862697 INCOME 0.01824791 0.01908258 0.95625996 0.35095094 -0.0216924 0.05818821 -0.0216924 0.05818821 AD 288.033498 101.061254 2.8500883 0.01024028 76.509862 499.557133 76.509862 499.557133 PRICE BIG 51.1347989 68.6261958 0.7451207 0.46531686 -92.50148 194.771077 -92.50148 194.771077

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Robert Pindyck, Daniel Rubinfeld

9th Edition

0134184246, 9780134184241

More Books

Students also viewed these Economics questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago