effort to isolate the determinants of absenteeism, Jacob estimates two different regressions, A and B, using time series data. The R2 is 0.63 for regression A and 0.91 for regression B. Which is the superior regression? Explain your reasoning.
effort to isolate the determinants of absenteeism, Jacob estimates two different regressions, A and B, using time series data. The R2 is 0.63 for regression A and 0.91 for regression B. Which is the superior regression? Explain your reasoning.
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 33EQ
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- In an effort to isolate the determinants of absenteeism, Jacob estimates two different regressions, A and B, using time series data. The R2 is 0.63 for regression A and 0.91 for regression B. Which is the superior regression? Explain your reasoning.
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