The following estimated regression equation is based on 30 observations. ŷ= 17.5+3.91-2.12 +7.523 +2.824 The values of SST and SSR are 1,808 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 Select your answer -

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The following estimated regression equation is based on 30 observations.
ŷ= 17.5 +3.91 -2.12 +7.523 +2.824
The values of SST and SSR are 1,808 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
Select your answer -
Transcribed Image Text:The following estimated regression equation is based on 30 observations. ŷ= 17.5 +3.91 -2.12 +7.523 +2.824 The values of SST and SSR are 1,808 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 Select your answer -
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