SUMMARY OUTPUT Regression Statistics R Square 0 988 Regression Standard Error 12 420 Observations 52 Coeff StdError t Stat Intercept 286 42 9 66 X 1 0 31 0 06 X 2 0 000067 0 00007 Referring to the table above, what is the interpretation of the R 2 (5 points) The R square in this instance indicates ...

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SUMMARY OUTPUT Regression Statistics R-Square 0.988 Regression Standard Error 12.420 Observations 52 Coeff StdError t Stat Intercept

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SUMMARY OUTPUT

Regression Statistics

R-Square 0.988

Regression Standard Error 12.420

Observations 52

Coeff StdError t Stat

Intercept 286.42 9.66

X₁ -0.31 0.06

X₂ 0.000067 0.00007

Referring to the table above, what is the interpretation of the R²(5 points)?

The R-square in this instance indicates a 98.8% correlation between variables

Find the sum of squared residuals, SSE, and the sum of the squared difference between the observed dependent variable and its average, SST(Three decimals; 10 points).

Calculate the confidence interval for the slope

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Posted Date: Jun 22, 2024 12:06 AM

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SUMMARY OUTPUT Regression Statistics R-Square 0.988 Regression Standard Error 12.420 Observations 52 Coeff StdError t Stat Intercept

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