Q13. What is the sum of squared errors (SSE)? A) 128. B) 23,644. C) 23,515.
Q14. What is the value of R2? A) 0.9946. B) 0.0055. C) 0.9471.
Q15. Is the intercept term statistically significant at the 5% level of significance and the 1% level of significance, respectively? 1% 5% A) Yes Yes B) Yes No C) No No
Q16. What is the value of the F-statistic?
A) 0.0003.
B) 0.9945.
C) 3,359.
Q17. Heteroskedasticity can be defined as:
A) independent variables that are correlated with each other.
B) nonconstant variance of the error terms.
C) error terms that are dependent.
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