Question 13
(The following is a purely imaginary scenario)
A demand response curve is modelled using linear regression. The partial regression output is given in Figure-1 below. Given this information, answer the subquestions.
ANOVA
| df | SS | |
|---|---|---|
| Regression | 7076613 | |
| Residual | ||
| Total | 9 | 7184891 |
| Coefficients | Standard Error | |
|---|---|---|
| Intercept | 39942 | |
| X Variable 1 | -29.5 |
Figure-1
What percentage of the total linear variability in demand is captured by this model (given in figure-1)? (Note: Enter the answer in “percentage rounded to two decimal places without the percentage sign. For example, if the answer is “1.234%”, then enter it as “1.23”)