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    Northwest Florida State College
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    Northwest Florida State College,
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Category > Economics Posted 03 May 2017 My Price 9.00

The following three equations were estimated using the 1,534 observations in 401K.RAW:

7    The following three equations were estimated using the 1,534 observations in 401K.RAW:

prate 5 80.29 1 5.44 mrate 1 .269 age 2 .00013 totemp

(.78)     (.52)             (.045)          (.00004)

 

R2
 

R2 5 .100, ‑ 5 .098.

 

prate 5 97.32 1 5.02 mrate 1 .314 age 2 2.66 log(totemp)

(1.95)  (0.51)             (.044)           (.28)

 

R2
 

R2 5 .144, ‑ 5 .142.

 

prate 5 80.62 1 5.34 mrate 1 .290 age 2 .00043 totemp

(.78)     (.52)              (.045)         (.00009)

1 .0000000039 totemp2

(.0000000010)

 

R2
 

R2 5 .108, ‑ 5 .106.

 

Which of these three models do you prefer? Why?

Answers

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Status NEW Posted 03 May 2017 06:05 PM My Price 9.00

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