Question: Variable Short Name Standard Slope Practical Significance: R Deviation Coefficient SDXslope Explanatory #1 Real interest rate (%) 6.367 -0.621592 -0.395768054007 0.1278 6716 Explanatory #2

Variable Short Name Standard Slope Practical Significance: R Deviation Coefficient SDXslope Explanatory #1 Real interest rate (%) 6.367 -0.621592 -0.395768054007 0.1278 6716 Explanatory #2 Official exchange rate (LCU per US$ period 40645131. 0.0000001 5.268014446973 0.2862 891 29609973 average) Explanatory #3 Expense (% of GDP) 13.105 -0.118013 -1.54656162045 -0.8445 0958 According to the table, which explanatory variables have the biggest effect (biggest)? Which variables do not have much effect on the response variable? is how much your explanatory variable typically varies., therefore, is telling you by how much the explanatory variable typically affects the response variable. The bigger this is, the more important the variable is, in the sense of its practical value in explaining the response variable. According to the table, which variables have the most explanatory power (biggest )? Which variables do not have much explanatory power?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
