3. Which of the following is not correct? a) a high R2 does not mean that the regression is correct b) a high R2 does not mean that there is no omitted variable bias c) one should always choose a regression with a higher R2. d) a high R2 does not necessarily mean that you have the most appropriate set of regressors

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 31E
icon
Related questions
Question
3. Which of the following is not correct?
a) a high R2 does not mean that the regression is correct
b) a high R2 does not mean that there is no omitted variable bias
c) one should always choose a regression with a higher R2.
d) a high R2 does not necessarily mean that you have the most appropriate set of
regressors
Transcribed Image Text:3. Which of the following is not correct? a) a high R2 does not mean that the regression is correct b) a high R2 does not mean that there is no omitted variable bias c) one should always choose a regression with a higher R2. d) a high R2 does not necessarily mean that you have the most appropriate set of regressors
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage