[SOLVED] Regression test statistics
Im studying for my Economics class and dont understand how to answer this. Can you help me study?
1. Briefly explain the meaning of R2. A time series analysis of demand tends to result in a higher R2 than one using cross-sectional data. Why do you think this is the case?
2. Briefly explain the meaning of the t-test for regression analysis. How can the rule of two be used to evaluate t-ratios?
3. Check out the web links Summarize one and explain what it might tell us about future business.