1. In an Economics textbook, the following information is given: TSS=437 andRSS-291. As a student of Econometrics, calculate the ESS and the R-squared.A. ESS-437 and R-squared=0.789B. ESS=146 and R-squared=0.334C. ESS=250 and R-squared=0.28TSSD. ESS=291 and R-squared=8.3342. What can you say about the above R-squared figure in question one?A. The TSS means that 437 variations in the dependent variables are explained byregressorsB. 40% of the regression power is explained by the error term.C. 33.4% variations in the dependent variable are explained by the independentvariable(s)D. The independent variables in the model are significant. 1463. The regression model includes a random error or disturbance term for a varietyof reasons. Which of the following is not one of them?A. Measurement errors in the observed variables.B. To capture unobserved omitted relevant influences on y.VSS=RSt°C. A linear functional form may only be an approximation.D. To capture unobserved omitted variables which are irrelevant to y.R = ESP

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Answered: 1. In an Economics textbook, the…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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