#12 Goodness of Fit Measure | Anova & Hypothesis Testing | Part 1 | Introduction to Econometrics

Welcome to 'Introduction to Econometrics' course !
This lecture focuses on:
Goodness of fit measure (R-squared), which indicates the proportion of variation in the dependent variable explained by the model.
Analysis of Variance (ANOVA), which breaks down the total variation in the dependent variable into explained and residual components.
Total Sum of Squares (TSS), Explained Sum of Squares (ESS), and Residual Sum of Squares (RSS)
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#GoodnessofFit #ANOVA #TSS #ESS #RSS