Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are asked to estimate the parameters of the following population regression function: logy=a+b1*logx1+b2*logx2+b3*logx3+u , where u is the error term. After the estimation is

You are asked to estimate the parameters of the following population regression function:

logy=a+b1*logx1+b2*logx2+b3*logx3+u, where u is the error term.

After the estimation is done, you are asked to test for the following hypothesis:

H0:b1=b2=b3=0

To do so, you will rely on the summary output tables below:

Regression Statistics
Multiple R 0.6165333
R Square 0.38011331
Adjusted R Square 0.37848915
Standard Error 0.32877648
Observations 1149
ANOVA
df SS MS F Significance F
Regression 3 75.8940502 25.2980167 234.037253 2.094E-118
Residual 1145 123.7676 0.10809397
Total 1148 199.66165

Group of answer choices

a. We cannot reject the aforementioned null hypothesis, considering the relatively high value of the R Square.

b. We can safely reject the aforementioned null hypothesis, considering the relatively low value of the F statistics.

c. We can safely reject the aforementioned null hypothesis, considering the relatively low value of the R Square.

d. We can safely reject the aforementioned null hypothesis, considering the relatively high value of the R Square.

e. We can safely reject the aforementioned null hypothesis, considering the relatively high value of the F statistics.

f. We cannot reject the aforementioned null hypothesis, considering the relatively high value of the F statistics.

g. We cannot reject the aforementioned null hypothesis, considering the relatively low value of the F statistics.

h. We cannot reject the aforementioned null hypothesis, considering the relatively low value of the R Square

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_2

Step: 3

blur-text-image_3

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

Negative Binomial Regression

Authors: Joseph M Hilbe

2nd Edition

1139005960, 9781139005968

More Books

Students also viewed these Mathematics questions

Question

What steps can organizations take to increase employee motivation?

Answered: 1 week ago