The following ANOVA table was obtained when estimating a multiple linear regression. a. Calculate the standard error of the estimate. Given that the mean of the response variable is 557, does the...

The following ANOVA table was obtained when estimating a multiple linear regression.

a. Calculate the standard error of the estimate. Given that the mean of the response variable is 557, does the model seem promising? Explain.

b. Calculate and interpret the coefficient of determination.

c. Compute adjusted R².

Answered Same DayDec 25, 2021

Answer To: The following ANOVA table was obtained when estimating a multiple linear regression. a. Calculate...

Robert answered on Dec 25 2021

117 Votes

A Standard error
Standard error = se =
√
SSE/(n − k − 1) =
√
188163.9/27 = 83.4807
Standard error of estimate = 83.4807
Coefficient of Variation cv =
s
y
= 83.4807363557 ≈ 0.15 this is a low coefficient
of variation, in other words, the standard error is low with respect to mean...

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The following ANOVA table was obtained when estimating a multiple linear regression. a. Calculate the standard error of the estimate. Given that the mean of the response variable is 557, does the...

Answer To: The following ANOVA table was obtained when estimating a multiple linear regression. a. Calculate...

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