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Answer to Question #211999 in Economics for Palta
Question #211999
How to tell (know) if an explanatory variable has impact or not and how much?
Expert's answer
To test the explanatory power of the whole set of explanatory variables, as compared to just using the overall mean of the outcome variable, use the F-statistic and the p-value printed by SPSS or Excel under “ANOVA.”
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#340153 on Dec 2023
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