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Statistical Techniques in Business and Economics15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal 1,236 solutions What is the measure of goodness of fit for the estimated regression equation?Goodness of fit for the regression is indicated by the mean square weighted deviates (MSWD), which is a measure of data point displacement from the regression line beyond each point's analytical uncertainty.
Is a measure of the goodness of fit of the estimated regression equation it can be interpreted?A measure of the goodness of fit of the estimated regression equation. It can be interpreted as the proportion of the variability in the dependent variable y that is explained by the estimated regression equation. The interval estimate of the mean value of y for a given value of x.
What is estimated regression fit?estimated regression equation, in statistics, an equation constructed to model the relationship between dependent and independent variables. Either a simple or multiple regression model is initially posed as a hypothesis concerning the relationship among the dependent and independent variables.
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