Consider the Stata estimation output obtained via OLS estimation of the model y; = Bo + Bi + uj, wherey is consumption of litres of beer and x is weather temperature measured in Celsius degrees.SourcedfMSNumber of obs365E(1, 363)178.94Model2325.899612325.8996Prob > E0.0000Residual4718.3944936312.99833190.3302R-squaredAdj R-squaredRoot MSE0.3283Total7044.29409364 19.35245633. 6053consumptionCoef.Std. Err.P>It|[954 Conf. Interval]temperature.7948826.059422613.380.000.6780269.9117382cons8.5289071.2753636.690.0006.02087911.03693Select the correct sentence:O The estimated model is sufficient to prove that higher temperature is the main cause for higher consumption of beerO The regression explains 0.33 % of the total variation in consumption of beerO The estimated model predicts a consumption of 0.79 litres when the temperature is of 1 degree CelsiusIf the sample contains an observationi such that y; =30 and zi =25. then uj1.599028

The regression equation is y^=8.528907+0.7948826x.

Answered: Consider the Stata estimation output…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. Model 1: OLS, using observations 1-706 Dependent variable: RST Coefficient Std. Error t-ratio p-value const 3586.38 38.9124 92.17 <0.0001 *** TOTWRK −0.150746 0.0167403 −9.005 <0.0001 *** Mean dependent var 3266.356 S.D. dependent var 444.4134 Sum squared resid 1.25e+08 S.E. of regression 421.1357 R-squared 0.103287 Adjusted R-squared 0.102014 F(1, 704) 81.08987 P-value(F) 1.99e-1810538.19 Log-likelihood −5267.096 Akaike criterion 10538.19 Schwarz criterion 10547.31 Hannan-Quinn 10541.71 RSTi =3586.38−0.150746 x TOTWRKi , R2=0.103287,SER=421.1357 (38.9124) (0.0167403) Question? could you please help with this question below. 3) By observing the GRETL output in Part (1) above, provide a detailed explanation of the coefficient of determination. Based on your analysis, is this a good model? Why or why not?
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Use the Stata output below. The data comes from students in an undergraduate economics course. The regression of interest is: final =B₁ + B₁ atndrte + ß₂hwrte + Â¸priGPA+ Â¹ ACT .reg final atndrte hwrte priGPA ACT Source Model 3094.70776 11929.9465 Residual Total final SS atndrte hwrte priGPA ACT _cons 15024.6543 df 773.676939 4 669 17.832506 MS 673 22.324895 Coef. Std. Err. .0138725 .0183476 .010863 1.906347 .3750236 .3990516 .0535332 9.225908 1.46863 Number of obs F(4, 669) Prob > F R-squared Adj R-squared Root MSE t P>|t| ||||||||||||| 674 [95% Conf. Interval] Approximate the p-value from the null hypothesis that all of the slope parameters are equal to zero.
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10. You estimated a regression with the following output. Source | SS df MS Number of obs = 333 -------------+---------------------------------- F(1, 331) = 4608.21 Model | 32636494.1 1 32636494.1 Prob > F = 0.0000 Residual | 2344225.8 331 7082.25316 R-squared = 0.9330 -------------+---------------------------------- Adj R-squared = 0.9328 Total | 34980719.9 332 105363.614 Root MSE = 84.156 ------------------------------------------------------------------------------ Y | Coef. Std. Err. t P>|t| [95% Conf. Interval] -------------+---------------------------------------------------------------- X | 30.79902 .4537022 67.88 0.000 29.90652 31.69153 _cons | 20.85313 42.1964 0.49 0.621 -62.1538 103.8601…
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