Question: You decide to add to model (1) the variable ?????????(i.e., export of goods and services ????in the United States) and estimate model (2):????= ????+ ????????+
You decide to add to model (1) the variable ?????????(i.e., export of goods and services ????in the United States) and estimate model (2):????= ????+ ????????+ ?????????????????????????+ ??????????????????????+ ?????????????+ ????t. The p-value associated to the estimated coefficient ????4 is equal to 0.231. Do you 422expect the ????to increase or decrease in model (2)? Do you expect adjusted ????2 to increase or decrease in model (2)? Explain your answer in detail showing the logic behind these two goodness-of-fit statistics
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
