Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
q7-
![For the regression model Y = B₁ + B2X2 + B3X3 + e, the following estimation results are obtained:
Regression Results
coefficient
B₁
B₂
B3
Σ(Y; – Ý)² = 8.91, Σê? = 1.57, N = 50
What is the value of the adjusted R²?
a. 0.85
b. 0.18
c. 0.82
O d. 0.15
estimate
0.7
8.7
1.5
stanadard error
0.5
0.7
0.8](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F87fa1ad1-f2d4-41df-bef6-e7196534c0eb%2Ff5668cab-98fa-42a4-b110-fcdab8abd649%2F2vu5l_processed.png&w=3840&q=75)
Transcribed Image Text:For the regression model Y = B₁ + B2X2 + B3X3 + e, the following estimation results are obtained:
Regression Results
coefficient
B₁
B₂
B3
Σ(Y; – Ý)² = 8.91, Σê? = 1.57, N = 50
What is the value of the adjusted R²?
a. 0.85
b. 0.18
c. 0.82
O d. 0.15
estimate
0.7
8.7
1.5
stanadard error
0.5
0.7
0.8
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