The results on the left panel is labeled Model A, and the right panel Model B. Which statement is correct? Select one: AIC selects Model B and SC selects Model A O b. Both AIC and SC select Model B O c. AIC selects Model A and SC selects Model B O d. Both AIC and SC select Model A
The results on the left panel is labeled Model A, and the right panel Model B. Which statement is correct? Select one: AIC selects Model B and SC selects Model A O b. Both AIC and SC select Model B O c. AIC selects Model A and SC selects Model B O d. Both AIC and SC select Model A
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
q20-
Transcribed Image Text:Dependent Variable: SALES
Method: Least Squares
Date: 09/04/20 Time: 22:23
Sample: 1 75
Included observations: 75
Variable
с
PRICE
ADVERT
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
t-Statistic Prob.
118.9136 6.351638 18.72172 0.0000
-7.907854 1.095993 -7.215241 0.0000
1.862584 0.683195 2.726283
0.0080
Coefficient
Std. Error
0.448258 Mean dependent var
0.432932 S.D. dependent var
4.886124 Akaike info criterion
1718.943 Schwarz criterion
-223.8695 Hannan-Quinn criter.
29.24786 Durbin-Watson stat
0.000000
77.37467
6.488537
6.049854
6.142553
6.086868
2.183037
Select one:
O a. AIC selects Model B and SC selects Model A
O b. Both AIC and SC select Model B
Dependent Variable: SALES
Method: Least Squares
Date: 09/05/20 Time: 10:59
Sample: 1 75
Included observations: 75
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
The results on the left panel is labeled Model A, and the right panel Model B.
Which statement is correct?
O c. AIC selects Model A and SC selects Model B
O d. Both AIC and SC select Model A
Variable
C
PRICE
ADVERT
ADVERT^2
Coefficient
Std. Error t-Statistic Prob.
109.7190 6.799045 16.13742 0.0000
-7.640000 1.045939 -7.304442 0.0000
12.15124 3.556164 3.416950 0.0011
-2.767963 0.940624 -2.942688 0.0044
0.508235 Mean dependent var
0.487456 S.D. dependent var
4.645283 Akaike info criterion
1532.084 Schwarz criterion
-219.5540 Hannan-Quinn criter.
24.45932 Durbin-Watson stat
0.000000
77.37467
6.488537
5.961440
6.085039
6.010792
2.043061
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