Youtor
Video 3 Model Fit
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=9L7r3Uc4fGU
This video discusses how to interpret the R-squared and the Regression Standard Error to assess model fit: the model's ability to explain the variance in the dependent variable. • TABLE OF CONTENTS: • 00:00 Introduction • 00:07 Some things we just can’t explain • 01:24 Model Fit • 03:08 R-Squared ( R2 ) • 03:54 R2 Examples • 04:52 Plot of Consumption vs. Income Model • 05:21 R2 in Regression Result • 06:06 Regression Standard Error (RSE) • 06:52 R2 and Standard Error Examples • 07:35 S.E. in Regression Result • 07:55 Summary
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