Compute R2 (to 3 decimals). Compute Ra2 (to 3 decimals). How good is the fit provided by the estimated regression equation?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...
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The following estimated regression equation is based on 30 observations.
                                    y=17.4 - 4.0x 1- 2.3x2 +7.3x32.9x4
                                   
The values of SST and SSR are 1,808 and 1,760, respectively.

  1. Compute R2 (to 3 decimals).


  2. Compute Ra2 (to 3 decimals).


  3. How good is the fit provided by the estimated regression equation?

 

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