The following estimated regression equation is based on 30 observations. The values of SST and SSR are 1,803 and 1,761, respectively. a. Compute R² (to 3 decimals). b. Compute R² (to 3 decimals). c. Comment on the goodness of fit. The estimated regression equatio ✔ - Select your answer - provided an excellent fit provided a moderately good fit did not provide a good fit ŷ 17.5 + 4x12.5x2 +7.7x3 +2.5x4
The following estimated regression equation is based on 30 observations. The values of SST and SSR are 1,803 and 1,761, respectively. a. Compute R² (to 3 decimals). b. Compute R² (to 3 decimals). c. Comment on the goodness of fit. The estimated regression equatio ✔ - Select your answer - provided an excellent fit provided a moderately good fit did not provide a good fit ŷ 17.5 + 4x12.5x2 +7.7x3 +2.5x4
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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![The following estimated regression equation is based on 30 observations.
The values of SST (Total Sum of Squares) and SSR (Regression Sum of Squares) are 1,803 and 1,761, respectively.
**a. Compute \(R^2\) (to 3 decimals).**
\[ R^2 = \frac{\text{SSR}}{\text{SST}} \]
**b. Compute \(R^2_a\) (to 3 decimals).**
\[ R^2_a = 1 - \left(\frac{(1 - R^2)(n-1)}{n-k-1}\right) \]
Where \( n \) is the number of observations and \( k \) is the number of predictors.
**c. Comment on the goodness of fit.**
The estimated regression equation:
\[
\hat{y} = 17.5 + 4x_1 - 2.5x_2 + 7.7x_3 + 2.5x_4
\]
A dropdown menu is provided for selecting the comment on the goodness of fit with options:
- provided an excellent fit
- provided a moderately good fit
- did not provide a good fit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9bea4100-102b-4e72-a113-a6ab760242f3%2Fef99abdc-ad9f-48eb-a7f2-f7fd657889c9%2Fxpja6s_processed.png&w=3840&q=75)
Transcribed Image Text:The following estimated regression equation is based on 30 observations.
The values of SST (Total Sum of Squares) and SSR (Regression Sum of Squares) are 1,803 and 1,761, respectively.
**a. Compute \(R^2\) (to 3 decimals).**
\[ R^2 = \frac{\text{SSR}}{\text{SST}} \]
**b. Compute \(R^2_a\) (to 3 decimals).**
\[ R^2_a = 1 - \left(\frac{(1 - R^2)(n-1)}{n-k-1}\right) \]
Where \( n \) is the number of observations and \( k \) is the number of predictors.
**c. Comment on the goodness of fit.**
The estimated regression equation:
\[
\hat{y} = 17.5 + 4x_1 - 2.5x_2 + 7.7x_3 + 2.5x_4
\]
A dropdown menu is provided for selecting the comment on the goodness of fit with options:
- provided an excellent fit
- provided a moderately good fit
- did not provide a good fit
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