What is the Value of the R-Square? Using the below data set Select one: a. 0...
What is the Value of the R-Square? Using the below data set
Select one:
a. 0
b. 0.870
c. 0.889
d. 0.942
| Table 2 | |||
| Year | Ln GDP | Ln Labor | Ln Capital |
| 1958 | 9.7176 | 5.6186 | 9.7872 |
| 1959 | 9.7706 | 5.6146 | 9.8035 |
| 1960 | 9.9120 | 5.5973 | 9.8131 |
| 1961 | 9.9491 | 5.5872 | 9.8610 |
| 1962 | 9.9236 | 5.5902 | 9.8857 |
| 1963 | 9.9442 | 5.6168 | 9.9429 |
| 1964 | 10.1189 | 5.6454 | 10.0023 |
| 1965 | 10.1836 | 5.7061 | 10.0624 |
| 1966 | 10.2184 | 5.7285 | 10.1242 |
| 1967 | 10.2622 | 5.7160 | 10.1929 |
| 1968 | 10.3058 | 5.7193 | 10.3075 |
| 1969 | 10.2222 | 5.6991 | 10.3605 |
| 1970 | 10.2763 | 5.6887 | 10.4185 |
| 1971 | 10.2847 | 5.7004 | 10.4580 |
| 1972 | 10.3589 | 5.6633 | 10.6405 |
Homework Answers
Correct option: (c) 0.889
Reason: Upon running the regression, the regression results come out as below:
This shows R-squared as 0.8889
Add Answer to:
What is the Value of the R-Square? Using the below data set
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(completed)
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Thank you!
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