Illustrate what the r-square in this regression indicates

Assignment Help Business Economics

Reference no: EM1323165

Q. The demand function for good X is Qdx = a + bPx + cM + e, where Px is the price of good X also M is income. Least squares regression reveals which â = 5.25, ^b = -1.36, c = -0.14, oâ = 6.19, o^b = 0.56, oc = 0.05. The R-squared is 0.24.

a. Compute the t-statistic for every of the estimated coefficients.

b. Conclude which (if any) of the estimated coefficients are statistically different from zero.

c. Explain, in plain words, illustrate what the R-square in this regression indicates.

Reference no: EM1323165

Questions Cloud

Relationship between prices of oil also level of real gdp : Illustrate what if, anything cans you conclude about the relationship between the prices of oil also the level of real GDP in the United States

Serious financial trouble : Your business, a closely held corporation with 4 other shareholders, is in serious financial trouble. A lender has suggested that it might provide lending if you could reduce your current debt load by 50%.

Biometric user authentication : You have just been promoted to manager of computer security for a large enterprise (XYZ Corporation). Your first project as the security manager is to compute the principal of physical characteristics utilized for biometric user authentication.

Clint eastwood quote : A Clint Eastwood quote states, "Respect your efforts, respect yourself. Self-respect leads to self-discipline.

Illustrate what the r-square in this regression indicates : Explain, in plain words, illustrate what the R-square in this regression indicates.

Number of acres of strawberries also tomatoes to plant : A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.

Interest rate elasticities of real cash balances : Illustrate what are the real income also interest rate elasticities of real cash balances

What should a firm do to promote voice in organizations : What should a firm do to promote voice in organizations, and why is this important in promoting organizational justice?

Evaluating the wireless nics : Describe whether this is still true today, and state the factors which are moving wireless NICs into the more dominant role, if any.

User Account

All Pages