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For a multiple regression with three explanatory variables the value of R2 is 0.75.Indicate whether every of the following statements is true or false and give brief reasons for your answer:(i) The three explanatory variables each describe 25% of the variation in the dependent variable.(ii) If R2 = 0.75 then three quarters of the data is perfectly described by the model.
For each pair of terms/concepts, define each term/concept and explain the relationship between them. The ideal answer is three sentences. One for each definition and one for the re
Explain the difference among the usual (product moment) correlation and rank correlation. In what situations is it more appropriate to use rank correlation?
how weather affect the change in supply?
effect on of multicollinearity.
Why use auxiliary regression? What are the benefits of using it?
examples
David has £5000 that he wishes to save for six years. Bank A offers him an interest rate of 4% per annum compounded monthly. Bank B offers him an interest ra
A brief summary of the procedure of maximum likelihood.
examples of economic relationships
What is the ADF max test?
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