6. Consider the following simple model of demand for a particular food item Q: = Bo + B.P; + Ut t = 1990,.,2009. where Q denotes the food consumption per capita and Pis the food prices at retail level. You are provided the following information from the sample: 2009 2009 2009 ΣΡ-53.8965 , Σ 151.7295 , Σp; = 583.2255 t1990 1990 t=1990 where p= (P-P) and q=(Q-Q).which one of the following is the coefficient of determination (R°) for the regression equation estimated by OLS? a) -0.032 b) 0.066 c) 0.033 d) -0.511 e) 1.896

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
6. Consider the following simple model of demand for a particular food item
Q: = Bo + B.P: + u:
t = 1990,.,2009.
where Q denotes the food consumption per capita and P is the food prices at retail level.
You are provided the following information from the sample:
2009
2009
2009
EP.9, = 53.8965, £q¡ =151.7295, Ep; = 583.2255
t=1990
1=1990
t=1990
where p=(P-P) and q=(Q-Q). Which one of the following is the coefficient of
determination (R*) for the regression equation estimated by OLS?
a) -0.032
b) 0.066
c) 0.033
d) -0.511
e) 1.896
Transcribed Image Text:6. Consider the following simple model of demand for a particular food item Q: = Bo + B.P: + u: t = 1990,.,2009. where Q denotes the food consumption per capita and P is the food prices at retail level. You are provided the following information from the sample: 2009 2009 2009 EP.9, = 53.8965, £q¡ =151.7295, Ep; = 583.2255 t=1990 1=1990 t=1990 where p=(P-P) and q=(Q-Q). Which one of the following is the coefficient of determination (R*) for the regression equation estimated by OLS? a) -0.032 b) 0.066 c) 0.033 d) -0.511 e) 1.896
Expert Solution
steps

Step by step

Solved in 2 steps with 3 images

Blurred answer
Knowledge Booster
Charts and Graphs for Data Visualization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar 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