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Why might you want to add independent variables to this model? log( Expenditures i)=(1.64)5.99+(0.29)0.57In R2=0.12SER=3.7 log( Expenditures i)=(1.64)5.99+(0.29)0.57In R2=0.12SER=3.7 Log (Expenditures) R2 = 0.12 5.99

image text in transcribedWhy might you want to add independent variables to this model?

log( Expenditures i)=(1.64)5.99+(0.29)0.57In R2=0.12SER=3.7 log( Expenditures i)=(1.64)5.99+(0.29)0.57In R2=0.12SER=3.7

Log (Expenditures) R2 = 0.12 5.99 + 0.57 Insurancei (1.64) (0.29) SER = 3.7

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