SCENARIO 14-3
-Referring to Scenario 14-3, when the economist used a simple linear regression model with
Consumption as the dependent variable and GDP as the independent variable, he obtained an
Value of 0.971.What additional percentage of the total variation of consumption has been
Explained by including aggregate prices in the multiple regression?
A) 98.2
B) 11.1
C) 2.8
D) 1.1

Question

SCENARIO 14-3 
-Referring to Scenario 14-3, when the economist used a simple linear regression model with
Consumption as the dependent variable and GDP as the independent variable, he obtained an 
Value of 0.971.What additional percentage of the total variation of consumption has been
Explained by including aggregate prices in the multiple regression?
A) 98.2 
B) 11.1 
C) 2.8 
D) 1.1

Quizplus · Accepted Answer

The Answer of SCENARIO 14-3 
-Referring to Scenario 14-3, when the economist used a simple linear regression model with
Consumption as the dependent variable and GDP as the independent variable, he obtained an 
Value of 0.971.What additional percentage of the total variation of consumption has been
Explained by including aggregate prices in the multiple regression?
A) 98.2 
B) 11.1 
C) 2.8 
D) 1.1

SCENARIO 14-3 -Referring to Scenario 14-3, When the Economist Used a Simple