Given are five observations for two variables, x and y. Excel File: data14-17.xlsx 6 13 20 Yi 7 18 9. 26 23 The estimated regression equation for these data is y = 7.6 + 0.9x. Compute SSE, SST, and SSR (to 1 decimal). SSE SST SSR What percentage of the total sum of squares can be accounted for by the estimated regression equation (to 1 decimal)? % What is the value of the sample correlation coefficient (to 3 decimals)?

Given are five observations for two variables, x and y. Excel File: data14-17.xlsx 6 13 20 Yi 7 18 9. 26 23 The estimated regression equation for these data is y = 7.6 + 0.9x. Compute SSE, SST, and SSR (to 1 decimal). SSE SST SSR What percentage of the total sum of squares can be accounted for by the estimated regression equation (to 1 decimal)? % What is the value of the sample correlation coefficient (to 3 decimals)?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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