a. Explanation Given info : The data has five variable linear model for n=30 data points, and the R 2 and SSE values are, R 2 = 0.92 SSE=0 .33 Justification : Yes, both R 2 and SSE are suggest the model a good fit b. To determine To find: Whether the model is useful for predicting y or not.

Statistics for Business and Economics (13th Edition)

13th Edition

ISBN: 9780134506593

Author: James T. McClave, P. George Benson, Terry Sincich

Publisher: PEARSON

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Chapter 12.3, Problem 12.7LM

To determine

To explain: Whether the values of SSE and R2 suggest the model a good fit or not.

To determine

To find: Whether the model is useful for predicting y or not.

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Chapter 12.3, Problem 12.6LM

Chapter 12.3, Problem 12.8LM

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Chapter 12 Solutions

Statistics for Business and Economics (13th Edition)

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Whether the values of SSE and R 2 suggest the model a good fit or not.

Solution Summary: The author explains whether the values of SSE and R2 suggest the model a good fit.

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To explain: Whether the values of SSE and R2 suggest the model a good fit or not.

To find: Whether the model is useful for predicting y or not.

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Chapter 12 Solutions