Question
Statistics for Economics Question on Correlation and regression
Let 𝑦̂=5.5+3.2 𝑥 be an estimated regression equation using a large sample. The 95% confidence interval of the coefficient of 𝑥 is [0.26, 6.14] and 𝑅2 = 0.26. The standard error of the estimated coefficient is _______ (round off to 1 decimal place).
Answer
The correct answer is: 1.4 or 1.6 (approx.)