We conduct a simple regression of size on hhinc. The regression output is reported in Table 1. Interpret the sign and magnitude of the estimated coefficients. fill in the table...

We conduct a simple regression of size on hhinc. The regression output is reported in Table 1. Interpret the sign and magnitude of the estimated coefficients. fill in the table

Table 1<br>regress size hhinc<br>Source<br>SS<br>df<br>MS<br>Number of obs<br>5,407<br>F(1, 5405)<br>1613.34<br>Model<br>263141566<br>1<br>263141566<br>Prob > F<br>0.0000<br>Residual<br>R-squared<br>=<br>Adj R-squared<br>%3D<br>Total<br>1.1447e+09<br>5,406<br>211749.457<br>Root MSE<br>%3D<br>size<br>Coefficient<br>Std. err.<br>P>|t|<br>[95% conf. interval]<br>hhinc<br>.0082545<br>.0002055<br>40.17<br>0.000<br>.0078516<br>.0086574<br>_cons<br>800.9835<br>9.404917<br>85.17<br>0.000<br>782.5461<br>819.4209<br>c) Compute the Sum of Squared Residuals (SSR), R-squared (R^2), and Root Mean<br>Squared Error from Table 1 (Root MSE). Interpret the R-squared.<br>

Extracted text: Table 1 regress size hhinc Source SS df MS Number of obs 5,407 F(1, 5405) 1613.34 Model 263141566 1 263141566 Prob > F 0.0000 Residual R-squared = Adj R-squared %3D Total 1.1447e+09 5,406 211749.457 Root MSE %3D size Coefficient Std. err. P>|t| [95% conf. interval] hhinc .0082545 .0002055 40.17 0.000 .0078516 .0086574 _cons 800.9835 9.404917 85.17 0.000 782.5461 819.4209 c) Compute the Sum of Squared Residuals (SSR), R-squared (R^2), and Root Mean Squared Error from Table 1 (Root MSE). Interpret the R-squared.

Jun 11, 2022

SOLUTION.PDF

We conduct a simple regression of size on hhinc. The regression output is reported in Table 1. Interpret the sign and magnitude of the estimated coefficients. fill in the table...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment