ECO301 Southern New Hampshire Demand for Jet Fuel Regression Analysis
ECO301 Southern New Hampshire Demand for Jet Fuel Regression Analysis
Evaluate adjusted R2.
The adjusted R2 is 0.02536909. It indicates that approximately 78% of the variation in the demand for jet fuel across states is explained by the three independent variables—price, state GDP, and state population. assist use the Student t-Value Calculator:http://www.danielsoper.com/statcalc3/calc.aspx?id=10
The degrees of freedom are 48, and the probability is 0.05. The critical value is approximately 2. If the absolute value of the t-statistic is greater than 2, the null hypothesis can be rejected. The P-value results can be used to determine whether to reject each of the following hypotheses.
