3. Which of the following is not correct? a) a high R2 does not mean that the regression is correct b) a high R2 does not mean that there is no omitted variable bias c) one should always choose a regression with a higher R2. d) a high R2 does not necessarily mean that you have the most appropriate set of regressors

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
3. Which of the following is not correct?
a) a high R2 does not mean that the regression is correct
b) a high R2 does not mean that there is no omitted variable bias
c) one should always choose a regression with a higher R2.
d) a high R2 does not necessarily mean that you have the most appropriate set of
regressors
Transcribed Image Text:3. Which of the following is not correct? a) a high R2 does not mean that the regression is correct b) a high R2 does not mean that there is no omitted variable bias c) one should always choose a regression with a higher R2. d) a high R2 does not necessarily mean that you have the most appropriate set of regressors
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman