1. In an Economics textbook, the following information is given: TSS=437 and RSS-291. As a student of Econometrics, calculate the ESS and the R-squared. A. ESS-437 and R-squared=0.789 B. ESS=146 and R-squared=0.334 C. ESS=250 and R-squared=0.28 TSS D. ESS=291 and R-squared=8.334 2. What can you say about the above R-squared figure in question one? A. The TSS means that 437 variations in the dependent variables are explained by regressors Oct B. 40% of the regression power is explained by the error term. C. 33.4% variations in the dependent variable are explained by the independent variable(s) D. The independent variables in the model are significant. 146 3. The regression model includes a random error or disturbance term for a variety of reasons. Which of the following is not one of them? A. Measurement errors in the observed variables. B. To capture unobserved omitted relevant influences on y. VSS=RST= C. A linear functional form may only be an approximation. D. To capture unobserved omitted variables which are irrelevant to y. R=ESS

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1. In an Economics textbook, the following information is given: TSS=437 and
RSS-291. As a student of Econometrics, calculate the ESS and the R-squared.
A. ESS-437 and R-squared=0.789
B. ESS=146 and R-squared=0.334
C. ESS=250 and R-squared=0.28
TSS
D. ESS=291 and R-squared=8.334
2. What can you say about the above R-squared figure in question one?
A. The TSS means that 437 variations in the dependent variables are explained by
regressors
B. 40% of the regression power is explained by the error term.
C. 33.4% variations in the dependent variable are explained by the independent
variable(s)
D. The independent variables in the model are significant. 146
3. The regression model includes a random error or disturbance term for a variety
of reasons. Which of the following is not one of them?
A. Measurement errors in the observed variables.
B. To capture unobserved omitted relevant influences on y.
VSS=RSt°
C. A linear functional form may only be an approximation.
D. To capture unobserved omitted variables which are irrelevant to y.
R = ESP
Transcribed Image Text:1. In an Economics textbook, the following information is given: TSS=437 and RSS-291. As a student of Econometrics, calculate the ESS and the R-squared. A. ESS-437 and R-squared=0.789 B. ESS=146 and R-squared=0.334 C. ESS=250 and R-squared=0.28 TSS D. ESS=291 and R-squared=8.334 2. What can you say about the above R-squared figure in question one? A. The TSS means that 437 variations in the dependent variables are explained by regressors B. 40% of the regression power is explained by the error term. C. 33.4% variations in the dependent variable are explained by the independent variable(s) D. The independent variables in the model are significant. 146 3. The regression model includes a random error or disturbance term for a variety of reasons. Which of the following is not one of them? A. Measurement errors in the observed variables. B. To capture unobserved omitted relevant influences on y. VSS=RSt° C. A linear functional form may only be an approximation. D. To capture unobserved omitted variables which are irrelevant to y. R = ESP
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