Question: Use the table below to answer the following questions: Dependent Variable: PCE Method: Least Squares Date: 02/02/18 Time: 03:56 Sample: 1960 2009 Incduded observations: 50 Variable Coficient Std. Error t-Statistic Prob. -31.88846 18.22720 -1.749498 0.0866 INCOME 0.819232 0.003190 256.7871 0.0000 R-squared Adjusted R-squared SE. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) 0.999273 Mean dependent var 0.999257 S.D. dependent var 83.86681 Akaike info criterion 3522.160 3077.678 11.73551 11.81200 11.76464 0.568044 337614.8 Schwarz criterion -291.3879 Hannan-Quinn criter. 65939.59 Durbin-Watson stat 0.000000 1) Make a simple linear regression equation using the table. 2) Do hypothesis testing by making hypothesis and then checking significance through T- test& P-value both. 3) Explain the adjusted R square in table and also analyze the F-value in the table.

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Use the table below to answer the following questions:
Dependent Variable: PCE
Method: Least Squares
Date: 02/02/18 Time: 03:56
Sample: 1960 2009
Incduded observations: 50
Variable
Coficient
Std. Error
t-Statistic
Prob.
-31.88846
18.22720 -1.749498
0.0866
INCOME
0.819232
0.003190
256.7871
0.0000
R-squared
Adjusted R-squared
SE. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
0.999273 Mean dependent var
0.999257 S.D. dependent var
83.86681 Akaike info criterion
3522.160
3077.678
11.73551
11.81200
11.76464
0.568044
337614.8 Schwarz criterion
-291.3879 Hannan-Quinn criter.
65939.59 Durbin-Watson stat
0.000000
1) Make a simple linear regression equation using the table.
2) Do hypothesis testing by making hypothesis and then checking significance through T-
test& P-value both.
3) Explain the adjusted R square in table and also analyze the F-value in the table.
Transcribed Image Text:Question: Use the table below to answer the following questions: Dependent Variable: PCE Method: Least Squares Date: 02/02/18 Time: 03:56 Sample: 1960 2009 Incduded observations: 50 Variable Coficient Std. Error t-Statistic Prob. -31.88846 18.22720 -1.749498 0.0866 INCOME 0.819232 0.003190 256.7871 0.0000 R-squared Adjusted R-squared SE. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) 0.999273 Mean dependent var 0.999257 S.D. dependent var 83.86681 Akaike info criterion 3522.160 3077.678 11.73551 11.81200 11.76464 0.568044 337614.8 Schwarz criterion -291.3879 Hannan-Quinn criter. 65939.59 Durbin-Watson stat 0.000000 1) Make a simple linear regression equation using the table. 2) Do hypothesis testing by making hypothesis and then checking significance through T- test& P-value both. 3) Explain the adjusted R square in table and also analyze the F-value in the table.
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