A regression model involving 3 independent variables for a sample of 20 periods resulted in the following sum of squares.

a.Compute the coefficient of determination and fully explain its meaning.
b.At $\alpha$ = 0.05 level of significance, test to determine whether or not there is a significant relationship between the independent variables and the dependent variable.

Question

A regression model involving 3 independent variables for a sample of 20 periods resulted in the following sum of squares.
  
a.Compute the coefficient of determination and fully explain its meaning.
b.At $\alpha$ = 0.05 level of significance, test to determine whether or not there is a significant relationship between the independent variables and the dependent variable.

Quizplus · Accepted Answer

The Answer of A regression model involving 3 independent variables for a sample of 20 periods resulted in the following sum of squares.
  
a.Compute the coefficient of determination and fully explain its meaning.
b.At $\alpha$ = 0.05 level of significance, test to determine whether or not there is a significant relationship between the independent variables and the dependent variable.

A Regression Model Involving 3 Independent Variables for a Sample α\alphaα

A Regression Model Involving 3 Independent Variables for a Sample $\alpha$