In a multiple regression problem involving 24 observations and three independent variables,the estimated regression equation is
= 60 + 4.2x₁ + 1.8x₂-1.2x₃.For this model,SST = 800 and SSE = 245.The value of the F statistic for testing the significance of the model is 15.102.

Question

In a multiple regression problem involving 24 observations and three independent variables,the estimated regression equation is

= 60 + 4.2x₁ + 1.8x₂-1.2x₃.For this model,SST = 800 and SSE = 245.The value of the F statistic for testing the significance of the model is 15.102.

Quizplus · Accepted Answer

The F-statistic tests the overall significance of the regression model. A high F-statistic indicates that the regression model is significant in explaining the variation in the dependent variable. Here, the F-statistic value is 15.102 which is comparatively high, indicating that the regression model is significant in explaining the variation in the dependent variable. Hence, the answer is A) True.

In a Multiple Regression Problem Involving 24 Observations and Three