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Question: note log and ln both denote the natural logarithm throughout...

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Note: “Log” and “Ln both denote the natural logarithm throughout the test.

 

Consider the following regression: 

 

Log(Energy_Use_pc) = 300 + 0.64 log(GDPpc) + 0.003 Temperature

N=344

R2=0.55

 

Please interpret the R2. Is the R2 high in your opinion?

 

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