The following estimated regression equation is based on 30 observations. ŷ = 17.3 + 3.7x1 – 2x2 + 7.8x3 + 2.6x4 The values of SST and SSR are 1,803 and 1,755, respectively. a. Compute R (to 3 decimals). 0.025 b. Compute R (to 3 decimals). 0.131 c. How good is the fit provided by the estimated regression equation? The estimated regression equation provided an excellent fit

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 exercise involving data in this and subsequent sections were designed to be solved using Excel.
The following estimated regression equation is based on 30 observations.
ŷ = 17.3 + 3.7x1 – 2x2 + 7.8x3 + 2.6x4
-
The values of SST and SSR are 1,803 and 1,755, respectively.
a. Compute R (to 3 decimals).
0.025
b. Compute Rá (to 3 decimals).
0.131
c. How good is the fit provided by the estimated regression equation?
The estimated regression equation provided an excellent fit
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Transcribed Image Text:The exercise involving data in this and subsequent sections were designed to be solved using Excel. The following estimated regression equation is based on 30 observations. ŷ = 17.3 + 3.7x1 – 2x2 + 7.8x3 + 2.6x4 - The values of SST and SSR are 1,803 and 1,755, respectively. a. Compute R (to 3 decimals). 0.025 b. Compute Rá (to 3 decimals). 0.131 c. How good is the fit provided by the estimated regression equation? The estimated regression equation provided an excellent fit Hide Feedback Partially Correct
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