The F-statistic is an alternative measure of goodness-of-fit of an estimated regression equation and defined as the:

A) variation not explained by the regression equation relative to the variation explained.
B) variation explained by the regression equation to the variation not explained.
C) variation explained.
D) variation not explained.

B

Economics

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In the figure above, if the firm is regulated using a marginal cost pricing rule, the consumer surplus created is equal to the area of

A) ABG. B) ACF. C) BCFG. D) BCE. E) None of the above because there is no consumer surplus created.

Economics

Economic bads are items

A) for which the produced quantity is less than the amount desired at a positive price. B) for which the desired quantity is less than what nature provides at a zero price. C) that individuals desire but which receive social disapproval. D) that receive social approval but which governments dislike.

Economics