for a multiple regression with three explanatory, Econometrics

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for a multiple regression with three explanatory

For a multiple regression with three explanatory variables the value of R² is 0.75.

Indicate whether every of the following statements is true or false and give brief reasons for your answer:

(i) The three explanatory variables each describe 25% of the variation in the dependent variable.

(ii) If R2 = 0.75 then three quarters of the data is perfectly described by the model.

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Econometrics: for a multiple regression with three explanatory

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Econometrics: for a multiple regression with three explanatory

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