Business
Business, 28.11.2019 23:31, slimt69561

An economist is interested to see how consumption for an economy (in billions) is influenced by gross domestic product (billions) and aggregate price (consumer price index). the microsoft excel output of this regression is partially reproduced below.

summary output

regression statistics
multiple r 0.991
r square 0.982
adjusted r square 0.976
standard error 0.299
observations 10

anova
df ss ms f signiff
regression 2 33.4163 16.7082 186.325 0.0001
residual 7 0.6277 0.0897
total 9 34.0440

coeff stderror t stat p-value
intercept -0.0861 0.5674 -0.152 0.8837
gdp 0.7654 0.0574 13.340 0.0001
price -0.0006 0.0028 -0.219 0.8330

referring to the table, when the economist used a simple linear regression model with consumption as the dependent variable and gdp as the independent variable, he obtained an r2 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

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 04:30, AM28
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
image
Business, 22.06.2019 07:50, ShawnSaviro4918
In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?
Answers: 2
image
Business, 22.06.2019 09:40, natalie2sheffield
Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a. anne is a qualifying child of catherine. b.anne is not a qualifying child of catherine because she fails the gross income test. c.anne is not a qualifying child of catherine because she fails the residence test. d.anne is not a qualifying child of catherine because she fails the support test.
Answers: 2
image
Business, 23.06.2019 02:00, Jbutler15
When the two countries did not specialize, the total production of jeans was 23 million pairs per month, and the total production of corn was 68 million bushels per month. because of specialization, the total production of jeans has increased by million pairs per month, and the total production of corn has increased by million bushels per month. because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade?
Answers: 1
Do you know the correct answer?
An economist is interested to see how consumption for an economy (in billions) is influenced by gros...

Questions in other subjects:

Konu
Arts, 21.08.2020 04:01