Question 19 Let's say you run a simulation and figure out that your sample is one of the likely sampies that could have come from a DGP of 0. What would that mean? • A That is a good sign. Our model is good and probably explains a lot of variation. • B This is a bad sign for our model because a DGP of O means there is no relationship between the explanatory and outcome variable. • C This does not mean anything for our model. We have to run supernova to find out about how good our model is. • Dit depends on what our b. Type Markdown and LaTeX: a

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
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Question 19
Lot's say you run a simulation and figure out that your sample bs one of the likely sampies that could have come from a DGP of 0. What would that mean?
• A That is a good sign. Our model is good and probably explains a lot of variation.
• B This is a bad sign for our model because a DGP of 0 means there is no relationship between the explanatory and outcome variable.
• C This does not mean anything for our model. We have to run supernova to find out about how good our model is.
• Dit depends on what our b
Type Markdown and LaTeX: a
Question 20
14
MacBook Pro
Transcribed Image Text:Question 19 Lot's say you run a simulation and figure out that your sample bs one of the likely sampies that could have come from a DGP of 0. What would that mean? • A That is a good sign. Our model is good and probably explains a lot of variation. • B This is a bad sign for our model because a DGP of 0 means there is no relationship between the explanatory and outcome variable. • C This does not mean anything for our model. We have to run supernova to find out about how good our model is. • Dit depends on what our b Type Markdown and LaTeX: a Question 20 14 MacBook Pro
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