Again consider question 43. Examine SSE and R 2 , and explain whether the model provides a

Question:

Again consider question 43. Examine SSE and R², and explain whether the model provides a good fit.

Question 43

Suppose you fit the model

using 35 data points and obtain SSE = .56 and R² = .85. Test the null hypothesis that all bs are equal to zero against the alternative hypothesis that at least one of the bs is nonzero. Conduct this test at the 95 % confidence level.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:03 AM

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Again consider question 43. Examine SSE and R 2 , and explain whether the model provides a

Question:

y = x + Bx + Bx + B3xx + Bx + B 5x + &

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Statistics For Business And Financial Economics

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