Which of the following statements are not correct?O The coefficient of determination, denoted by r^2 is interpreted as the proportionof observed y variation that cannot be explained by the simple linear regressionmodel.O The higher the value of the coefficient of determination, the more successful isthe simple linear regression model in explaining y variation.If the coefficient of determination is small, an analyst will usually want to searchfor an alternative model (either a nonlinear model or a multiple regression modelthat involves more than a single independent variable).The coefficient of determination can assume any value between 0 and 1,inclusive.

We have to answer question related to coefficient of determination.

Answered: Which of the following statements are…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter4: Linear Functions

Section: Chapter Questions

Problem 30PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...

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If your graphing calculator is capable of computing a least-squares sinusoidal regression model, use it to find a second model for the data. Graph this new equation along with your first model. How do they compare?
Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or older who are college graduates in a particular city, by year. Based on the set of data given in Table 5, calculate the regression line using a calculator or other technology tool, and determine the correlation coefficient. Round to three decimal places of accuracy
Suppose that a regression relationship is given by the following:Y = β0 + β1X1 + β2X2 + εIf the simple linear regression of Y on X1 is estimated from a sample of n observations, the resulting slope estimate is generally biased for β1. However, in the special case where the sample correlation between X1 and X2 is 0, this will not be so. In fact, in that case the same estimate results whether or not X2 is included in the regression equation.a. Explain verbally why this statement is true.b. Show algebraically that this statement is true.
Having the variation data regression line r=0.931 and the coefficient of determination is 0.867.. And the variation of 91.6% is explained by the regression line.. About the unexplained variation? [ ]% of the variation is unexplained and is due to other factors or to sampling error. (Round to one decimal place as needed.)
Which of the following is the regression equation at the 1% meaning level according to the Minitab output given below for regression analysis?
A scientific foundation wanted to evaluate the relation between y= salary of researcher (in thousands of dollars), x1= number of years of experience, x2= an index of publication quality, x3=sex (M=1, F=0) and x4= an index of success in obtaining grant support. A sample of 35 randomly selected researchers was used to fit the multiple regression model. Parts of the computer output appear below. Based from the table, what is the constant term of the multiple linear regression?
Suppose that researchers are interested in determining the bi-annual salary of statisticians of different levels using their years of experience and their education level (M = bachelors, P = doctorate). They fit the following model to a dataset that includes these variables and, after performing the proper steps of multiple linear regression, the following multiple linear regression model is obtained: yˆ = 42308 + 323x1 + 213x2 + 301(x1*x2) where the variables are as follows: yˆ = predicted bi−annual salary in dollars, x1 = number of years of experiencex2= {1 if the education level is a doctorate 0 if the education level is a bachelors What is the predicted bi-annual salary in dollars of an employee with 5 years of experience and a bachelor’s degree?
Suppose that researchers are interested in determining the bi-annual salary of statisticians of different levels using their years of experience and their education level (M = bachelors, P = doctorate). They fit the following model to a dataset that includes these variables and, after performing the proper steps of multiple linear regression, the following multiple linear regression model is obtained: yˆ = 42308 + 323x1 + 213x2 + 301(x1*x2) where the variables are as follows: yˆ = predicted bi−annual salary in dollars, x1 = number of years of experiencex2= {1 if the education level is a doctorate 0 if the education level is a bachelors What is the predicted bi-annual starting salary of an employee with a doctorate degree? (Someone with no work experience). $ What is the predicted bi-annual starting salary of an employee with a bachelor’s degree? (Someone with no work experience). $
You spilled water on your calculations from (a) and can't remember what your estimated regression parameters are. But you do have two possible estimated errors for each of your initial four observations:
Suppose you would like to estimate Y= B1 + B2 X + B3 Z + u model using data from 40 firms. Suppose you are to perform Breuch-Pagan (LM type test) for homoscedasticity, define the auxiliary regression? Further suppose that you find R-squared from the auxiliary regression to be 0.85, carry out B-P test for homoscedasticity at %5 level of significance and interpret the result (Set the hypotheses).
For a set of data: x = (0,1,2,3,4,5,6) and y=(36, 28, 25, 24, 23, 21, 19), is it wise to use a linear regression to extrapolate data for x = 50? Solution: Since the coefficient of determination is 0.8582, the linear model is a reasonably good fit for the data, so extrapolation for any x-value is acceptable. What is wrong with this solution?

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