The following estimated regression equation is based on 30 observations. 18.5+4x12.5x2 +7.6x3 +2.7x4 ŷ The values of SST and SSR are 1,804 and 1,761, respectively. a. Compute R2 (to 3 decimals). b. Compute R (to 3 decimals). c. Comment on the goodness of fit. The estimated regression equation provided an excellent fit

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**Exercise 15.13 Algo (Multiple Coefficient of Determination)**

The following estimated regression equation is based on 30 observations:

\[ \hat{y} = 18.5 + 4x_1 - 2.5x_2 + 7.6x_3 + 2.7x_4 \]

The values of SST and SSR are 1,804 and 1,761, respectively.

a. **Compute \( R^2 \)** (to 3 decimals).

b. **Compute \( R^2_a \)** (to 3 decimals).

c. **Comment on the goodness of fit.**

The estimated regression equation provided an excellent fit.

**Details on Graphs/Diagrams:**

There are no graphs or diagrams provided in this exercise.
Transcribed Image Text:**Exercise 15.13 Algo (Multiple Coefficient of Determination)** The following estimated regression equation is based on 30 observations: \[ \hat{y} = 18.5 + 4x_1 - 2.5x_2 + 7.6x_3 + 2.7x_4 \] The values of SST and SSR are 1,804 and 1,761, respectively. a. **Compute \( R^2 \)** (to 3 decimals). b. **Compute \( R^2_a \)** (to 3 decimals). c. **Comment on the goodness of fit.** The estimated regression equation provided an excellent fit. **Details on Graphs/Diagrams:** There are no graphs or diagrams provided in this exercise.
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