Use the following STATA output to test whether the variable wgt issignificant at 5% level:Source |SSdfNumber of obs =EC 3.Prob > FR-squaredMS392300.760.00000.6993Adj R-squared anba69704.2965388) =Model Juu16656.4443Residual 162,549165552.1481388 18.4601782Total Juu23818.9935391 60.9181419Root MSECoef.Std. Err.P>It|[95% Conf. Interval]sylenawat.2677968-.012674-.005707944.37096.4130673.0082501.00071391.480685-0.65-1.54-8.0029.970.5170.1250.0000.000-1.079927-.0288944-.007111541.45979.54433360035465.004304347.28213_consThe variable is not significant because p-value is less than 0.05.The variable is significant because p-value is less than 0.05.The variable is significant because p-value is less than 0.1.The variable is not significant because p-value is greater than 0.05

Answer- Need to find- Weather the variable is significant at 5% level Evaluate the options:- 1.…

Use the following STATA output to test whether the variable wgt is significant at 5% level: Source | df MS Number of obs = EC 3, Prob > F R-squared Adj R-squared Root MSE 392 300.76 0.0000 0.6993 16656.4443 Residual 162,54916 Model 388) = 5552.1481 388 18.4601782 %3D %3D Total 23818.9935 391 60.9181419 = 4.2965 Coef. Std. Err. IP>It| [95% Conf. Interval] sxl ena wat -.0057079 _cons I -.2677968 -.012674 .4130673 .0082501 .0007139 1.480685 -0.65 0.517 -1.079927 -.0288944 -.0071115 41.45979 .5443336 .0035465 -.0043043 47.28213 -1.54 0. 125 -8.00 0.000 44.37096 29.97 0.000 The variable is not significant because p-value is less than 0.05. The variable is significant because p-value is less than 0.05. The variable is significant because p-value is less than 0.1. The variable is not significant because p-value is greater than 0.05

Use the following STATA output to test whether the variable wgt is significant at 5% level: Source | df MS Number of obs = EC 3, Prob > F R-squared Adj R-squared Root MSE 392 300.76 0.0000 0.6993 16656.4443 Residual 162,54916 Model 388) = 5552.1481 388 18.4601782 %3D %3D Total 23818.9935 391 60.9181419 = 4.2965 Coef. Std. Err. IP>It| [95% Conf. Interval] sxl ena wat -.0057079 _cons I -.2677968 -.012674 .4130673 .0082501 .0007139 1.480685 -0.65 0.517 -1.079927 -.0288944 -.0071115 41.45979 .5443336 .0035465 -.0043043 47.28213 -1.54 0. 125 -8.00 0.000 44.37096 29.97 0.000 The variable is not significant because p-value is less than 0.05. The variable is significant because p-value is less than 0.05. The variable is significant because p-value is less than 0.1. The variable is not significant because p-value is greater than 0.05

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 7E: The Questor Corporation has experienced the following sales pattern over a 10-year period: Compute...

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