In order to calculate the regression R2 you need the TSS and either the SSR or the ESS.The TSS is fairly straightforward to calculate,being just the variation of Y.However,if you had to calculate the SSR or ESS by hand (or in a spreadsheet),you would need all fitted values from the regression function and their deviations from the sample mean,or the residuals.Can you think of a quicker way to calculate the ESS simply using terms you have already used to calculate the slope coefficient?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q43: Consider the sample regression function
Yi =
Q44: (Requires Appendix material)Consider the sample regression function
Q46: (Requires Appendix material)In deriving the OLS estimator,you
Q47: Given the amount of money and effort
Q48: A peer of yours, who is a
Q49: Indicate in a scatterplot what the data
Q50: Prove that the regression R2 is identical
Q51: (Requires Appendix material)Show that the two alternative
Q52: Imagine that you had discovered a relationship
Q53: At the Stock and Watson (http://www.pearsonhighered.com/stock_watson)website go
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents