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Consider a data set with 15 observations and consider a multiple linear regression model with 7 in-dependent variables. Assume you have estimated the model and you find that SST = 1,325 and SSR = 794.

Consider a data set with 15 observations and consider a multiple linear regression model with 7 in-dependent variables. Assume you have estimated the model and you find that SST = 1,325 and SSR = 794.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Consider a data set with 15 observations and consider a multiple linear regression model with 7 in-dependent variables. Assume you have estimated the model and you find that SST = 1,325 and SSR = 794.

6. Which of the ranges below best describes the value of adjusted r-squared, R2? (a) (b) (c) (d) (e) R² = -0.198 R² = -0.049 R² = 0.299 R² = 0.802 R² = 0.198
Transcribed Image Text:6. Which of the ranges below best describes the value of adjusted r-squared, R2? (a) (b) (c) (d) (e) R² = -0.198 R² = -0.049 R² = 0.299 R² = 0.802 R² = 0.198
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