The following estimated regression equation based on 10 observations was presented. ŷ = 29.1290 + 0.5606x1 + 0.4880x2 Th

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The following estimated regression equation based on 10 observations was presented. ŷ = 29.1290 + 0.5606x1 + 0.4880x2 Th

Post by answerhappygod »

The following estimated regression equation based on 10observations was presented.
ŷ = 29.1290 + 0.5606x1 + 0.4880x2
The values of SST and SSRare 6,713.125 and 6,224.375, respectively.
(a)
Find SSE.
SSE =
(b)
Compute R2. (Round your answer to threedecimal places.)
R2 =
(c)
Compute
Ra2.
(Round your answer to three decimal places.)
Ra2 =
(d)
Comment on the goodness of fit. (For purposes of this exercise,consider a proportion large if it is at least 0.55.)
The estimated regression equation provided a good fit as a largeproportion of the variability in y has beenexplained by the estimated regression equation.The estimatedregression equation did not provide a good fit as a smallproportion of the variability in y has beenexplained by the estimated regressionequation. The estimated regression equationprovided a good fit as a small proportion of the variabilityin y has been explained by the estimatedregression equation.The estimated regression equation did notprovide a good fit as a large proportion of the variabilityin y has been explained by the estimatedregression equation.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply