Based on the Regression below, what is the relation between the GDP and gross fixed capital formation(GFCF), trade openness(trade openness), foreign direct investment (FDI).Explain by using A multiple linear regression model (Example y = b0 + b1x1 + b2x2 + …+ bkxk ) SUMMARY OUTPUTRegression StatisticsMultiple RR Square0.9995090070.999018255Adjusted R Square0.998923248Standard Error106.4403513Observations35ANOVAdfSSMSFSignificance FRegression357395629.4119131876.510515.147871.08E-46Residual31351215.999711329.54838Total34357746845.4CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Lower 95.0%Upper 95.0%Intercept8.23648280673.438147290.1121553730.91142331-141.5416055158.0145711 -141.541605158.0145711GFCF1.66523E-092.24745E-1174.094171561.85696E-361.61939E-091.71107E-091.62E-091.71107E-09FDI-8.47967E-105.33522E-10-1.5893770790.122123494-1.93609E-092.40E-10-1.9361E-092.40158E-10TO6.6919209492.1547239863.1056975250.0040382542.29733242411.08650947 2.29733242411.086509473.

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Answered: Based on the Regression below, what is…

Based on the Regression below, what is the relation between the GDP and gross fixed capital formation(GFCF), trade openness(trade openness), foreign direct investment (FDI).

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

Chapter5: Exponential And Logarithmic Functions

Section5.5: Exponential And Logarithmic Models

Problem 3E

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Question

Based on the Regression below, what is the relation between the GDP and gross fixed capital formation(GFCF), trade openness(trade openness), foreign direct investment (FDI).

Explain by using A multiple linear regression model

(Example y = b₀ + b₁x₁ + b₂x₂ + …+ b_kx_k )

SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
0.999509007
0.999018255
Adjusted R Square
0.998923248
Standard Error
106.4403513
Observations
35
ANOVA
df
SS
MS
F
Significance F
Regression
357395629.4
119131876.5
10515.14787
1.08E-46
Residual
31
351215.9997
11329.54838
Total
34
357746845.4
Coefficients
Standard Error
t Stat
P-value
Lower 95%
Upper 95%
Lower 95.0%
Upper 95.0%
Intercept
8.236482806
73.43814729
0.112155373
0.91142331
-141.5416055
158.0145711 -141.541605
158.0145711
GFCF
1.66523E-09
2.24745E-11
74.09417156
1.85696E-36
1.61939E-09
1.71107E-09
1.62E-09
1.71107E-09
FDI
-8.47967E-10
5.33522E-10
-1.589377079
0.122123494
-1.93609E-09
2.40E-10
-1.9361E-09
2.40158E-10
TO
6.691920949
2.154723986
3.105697525
0.004038254
2.297332424
11.08650947 2.297332424
11.08650947
3.

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