The accompanying table lists goodness-of-fit measures that were obtained when estimating the following simple linear regression model

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The accompanying table lists goodness-of-fit measures that were obtained when estimating the following simple linear regression model and multiple linear regression model:

Model 1: y = Bo + B,X1 + e Model 2: y = Bo +B,X1+ B2X2 + B3X3+ E Model 1 Model 2 0.804 0.828 R2 Adjusted R2 0.801 0.819

Which model provides a better fit for y? Justify your response with two goodness-of-fit measures.

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Business Statistics Communicating With Numbers

ISBN: 9781259957611

3rd Edition

Authors: Sanjiv Jaggia

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Question Posted: May 08, 2019 09:51 AM

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The accompanying table lists goodness-of-fit measures that were obtained when estimating the following simple linear regression model

Question:

Model 1: y = Bo + B,X1 + e Model 2: y = Bo +B,X1+ B2X2 + B3X3+ E Model 1 Model 2 0.804 0.828 R2 Adjusted R2 0.801 0.819 17.746 16.924 Se

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Business Statistics Communicating With Numbers

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