Question #54

Reading: Reading 2 Time-Series Analysis

PDF File: Reading 2 Time-Series Analysis.pdf

Page: 27

Status: Unattempted

Part of Context Group: Q54-57 First in Group
Shared Context
- Based on her regression results in Exhibit 2, using a 5% level of significance, Smith should conclude that: A) stimulus packages do not have significant effects on foreclosure percentages, but housing crises do have significant effects on foreclosure percentages. B) both stimulus packages and housing crises have significant effects on foreclosure percentages. C) stimulus packages have significant effects on foreclosure percentages, but housing crises do not have significant effects on foreclosure percentages.
Question
The standard error of estimate for Smith's regression is closest to:
Answer Choices:
A. 0.16
B. 0.53
C. 0.56
Explanation
The formula for the Standard Error of the Estimate (SEE) is: The SEE equals the standard deviation of the regression residuals. A low SEE implies a high R2.
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