Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you estimate a Linear Regression with housing price as the dependent variable and average income, the population density of the area, unemployment rate, and

Suppose you estimate a Linear Regression with housing price as the dependent variable and average income, the population density of the area, unemployment rate, and the fraction of the population over 65 years of age as independent variables. From the regression results, you get the F-statistic is 20.137 with a p-value of 0.0001. At a Level of Significance of 5%, what does the F-test say about the results of the linear regression?

Group of answer choices

a)The results of the F-test for this linear regression suggests that at least one of the coefficients on the independent variables isn't equal to 0

b)The results of the F-test for this linear regression suggests that all the coefficients on the independent variables are likely equal to 0

c)The results of the F-test for this linear regression suggests that all of the coefficients on the independent variables are different from 0

d)There isn't enough information to determine a conclusion

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

Principles Of Microeconomics 3e By OpenStax

Authors: OpenStax

3rd Edition

1711471496, 978-1711471495

More Books

Students also viewed these Economics questions

Question

LO1.2 Describe the role of economic theory in economics.

Answered: 1 week ago