Topic 5 - Assessment

Define R-Squared.

Model fitness indicates that the model is correctly specified with the relevant IVs included in the model.

• TRUE

• FALSE

_______, _______, and _______ are the 3S of independent variables that you must look for after an OLS estimation.

For an IV to be significantly different from zero, its p-value must be lower than ______.

The estimated coefficient in OLS regression reflects the size of ________ from an IV on the DV.