Question 1 [17 points]

This question does not require gretl - you should show all calculations to receive credit.

The estimated regression equation for a model involving two independent variables and 10 observations follows:

y=29.1270+.5906x1+.4980x2

SSyy=6724.125

SSE=507.75

s1=.0813

s2=.0567

a. [3 points] ComputeR2

1. [3 points] Compute Ra2

1. [1 point] Comment on the goodness of fit

1. [4 points] Compute the MSE

1. [3 points] Compute the F test statistic

1. [3 points] Perform a t test for significance of1. Use=0.05. What can you conclude?