What are the SST, SSR, and SSE values from the ANOVA table of the Excel output? What is the coefficient of determination R squared? Interpret it.
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SUMMARY OUTPUT
3
Regression Statistics
Multiple R R Square Adjusted R Square
0.80355487
0.645700429
0.621265975
Standard Error
6.070353472
Observations
32
6
10 ANOVA
11 12 Regression 13 Residual
af 2 29 31
SS
MS
F
Significance F
1947.540091
973.7700456
26.42581864
2.9233E-07
1068.626547
36.84919128
14 Total
3016.166638
15
16 17Intercept 18 Unemployment
Coefficients
Standard Error
t Stat
p-value
Lower 95%
Upper 95%
14.19621758
4.148722017
3.421829065
0.001870894
5.711128334
22.68130683
0.783347836
0.716626311
1.093105045
0.283345128
0.682317537 2.249013209
19 GDP Growth
-7.07919515
-1.46795369 -2.660771731 8
-2.064362715
0.291609805
8.6772E-08