Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose we are fitting a model with Y = Income and X = Age. We are testing whether there is a U shaped effect by
Suppose we are fitting a model with Y = Income and X = Age. We are testing whether there is a U shaped effect by looking at how the R2 changes when we incorporate Age * Age as an additional variable in our model. What will happen to the R2if there is not a statistically significant U shaped effect?
Group of answer choices
a. It might go up or down
b. It will stay the same or go down
c. It will stay the same or go up
d. It will go down
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started