Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Suppose you estimate a Simple Linear Regression with the number of homes for sale as the d...

Suppose you estimate a Simple Linear Regression with the number of homes for sale as the dependent variable and the unemployment rate as independent variable. The unemployment rate is a percentage

Suppose you estimate a Simple Linear Regression with the number of homes for sale as the dependent variable and the unemployment rate as independent variable. The unemployment rate is a percentage in decimal form from the regression results, you get the coefficient on the unemployment rate is - 1, 013.2 with a p value of 0.0264. Furthermore you get the F statistic is 4.928 with a p value of 0.0264. At a Level of Significance of 5%, what does the F-test say about the results of the linear regression ?

a)The results of the F-test for this linear regression suggests that the coefficient on unemployment is likely equal to 0

b)The results of the test for this linear regression suggests that the coefficient on unemployment must be positive

c)The results of the for this linear regression suggests that the coefficient on unemployment is different from 0

d)There isn't enough information to determine a conclusion

Jun 10 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions