Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following estimated regression equation based on 10 observations was presented. =29.1230+0.5306 x 1 +0.4380 x 2 The values of SST and SSR are6,712.125and6,222.375, respectively.

The following estimated regression equation based on 10 observations was presented.

=29.1230+0.5306x1+0.4380x2

The values of SST and SSR are6,712.125and6,222.375, respectively.

(a)

Find SSE.

SSE =

(b)

ComputeR2. (Round your answer to three decimal places.)

R2=

(c)

ComputeRa2.

(Round your answer to three decimal places.)

Ra2=

(d)

Comment on the goodness of fit. (For purposes of this exercise, consider a proportion large if it is at least 0.55.)

  • The estimated regression equation did not provide a good fit as a large proportion of the variability inyhas been explained by the estimated regression equation.
  • The estimated regression equation provided a good fit as a large proportion of the variability inyhas been explained by the estimated regression equation.
  • The estimated regression equation provided a good fit as a small proportion of the variability inyhas been explained by the estimated regression equation.
  • The estimated regression equation did not provide a good fit as a small proportion of the variability inyhas been explained by the estimated regression equation.

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

Statistical Techniques in Business and Economics

Authors: Douglas A. Lind, William G Marchal

17th edition

1259666360, 978-1259666360

More Books

Students also viewed these Mathematics questions