The coefficient of determination is defined as the:
A) ratio of the total sum of squared errors to the sum of squared errors.
B) ratio of the regression sum of squares to the sum of the squared errors.
C) ratio of the sum of squared errors to the total sum of squared errors.
D) none of the above.
C
Economics
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Most economists believe that convergence of GDP per capita ________ between developed nations and ________ between developing and developed nations
A) has not occurred; has occurred B) has occurred; has occurred C) has not occurred; has not occurred D) has occurred; has not occurred
Economics
Goods with an income elasticity of demand greater than 1 are called
a. necessities b. inferior goods c. normal goods d. luxuries e. complements
Economics