ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- determine the regression line equation plot the line on a graph and summarize the results( reject or do not) is there enough evidence?arrow_forwardq14-arrow_forwardYou estimated a regression with the following output. Source | SS df MS Number of obs = 472-------------+---------------------------------- F(1, 470) > 99999.00 Model | 2.2728e+09 1 2.2728e+09 Prob > F = 0.0000 Residual | 4246681.85 470 9035.4933 R-squared = 0.9981-------------+---------------------------------- Adj R-squared = 0.9981 Total | 2.2771e+09 471 4834590.83 Root MSE = 95.055------------------------------------------------------------------------------ Y | Coef. Std. Err. t P>|t| [95% Conf. Interval]-------------+---------------------------------------------------------------- X | 29.84419 .0595046 501.54 0.000 29.72726 29.96112 _cons | 88.27799 7.592427 11.63 0.000 73.35868 103.1973------------------------------------------------------------------------------…arrow_forward
- Consider a regression in which a coefficient suffers from downward omitted variable bias. If you add a regressor that controls for the omitted variable bias: Group of answer choices 1. Can’t determine 2. The new estimate will be smaller. 3. The new estimate will remain unchanged. 4. The new estimate will be largerarrow_forwardIf x; and y; are positively correlated in the sample then the estimated slope is a. equal to zero b. greater than zero c. less than zero d. equal to onearrow_forwardif the relationship between two variables is linear and the coefficient of determination (R2) has a value near 1, the scatter diagram has what appearance?arrow_forward
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