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ECON 140 Econometrics

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  • 24 terms

    Term:

    Adjusted R^2

    Definition:

    - adjusted R^2 penalizes for the addition of explanatory variables, and in doing so measures whether the additional regressors are "significant" - The adjusted R^2 is simply the R^2 scaled down according to the number of the regressors included, in any model including regressors - Adjusted R^2 is less than the R^2 - A measure of goodness of fit

    • Econ 140 Midterm 2_1
    • 24 terms
    • Vocabulary for Econ 140 Midterm 2_1. Find, create, and access Econometrics, flashcards with Course Hero.

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