Suppose that a researcher, using data on average district income (Income) and test scores (TS) from 300 third-grade classes, estimates the OLS regression: TS = = 660 + 6.2 × (Income) correlation = 0.5, SER = 20 where Income is measured in thousands of dollars. What is the explained sum of squares (ESS) (rounded to four decimal places)?

MATLAB: An Introduction with Applications
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Suppose that a researcher, using data on average district income (Income) and test scores (TS)
from 300 third-grade classes, estimates the OLS regression:
TS
660 + 6.2 x (Income)
correlation
0.5, SER = 20
where Income is measured in thousands of dollars. What is the explained sum of squares (ESS)
(rounded to four decimal places)?
2.
Transcribed Image Text:Suppose that a researcher, using data on average district income (Income) and test scores (TS) from 300 third-grade classes, estimates the OLS regression: TS 660 + 6.2 x (Income) correlation 0.5, SER = 20 where Income is measured in thousands of dollars. What is the explained sum of squares (ESS) (rounded to four decimal places)? 2.
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