The first step in interpreting the results from a regression is _________ .
A)reestimating the regression with new data
B)measuring how confident you are that the estimated coefficients are close to the true coefficients
C)using the estimated demand to predict the quantity demanded at various prices
D)using the estimated demand to predict the price at various values of the quantity demanded

Question

Quizplus · Accepted Answer

The first step in interpreting the results from a regression is to measure how confident you are that the estimated coefficients are close to the true coefficients. This involves analyzing the p-values, t-values, and confidence intervals of the regression coefficients.

The First Step in Interpreting the Results from a Regression