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Dependent variable: Y
X2=per barrel price in dollar. The estimated value of coefficient associated with x2 is equal to 2.61046
which is significant at one percent level of significance , as the p value is less than 0.01.
The value of estimated B2= 2.61046 implies that one dollar increase in price of per barrel will
increase number of wild cat drilling by 2 units.
l_X3= log of domestic output and the parameter associated with this is B3=21.8166 implies that
one percent change in of domestic output will change wild cat drilling 21 percent. The relation is
significant at one percent level of significance.
F statistics
F calculated is equal to 16.67607 and the associated f tabulated with v1=3, and v2= 27 is equal to
2.2987. as the calculated F is greater than F tabulated so we reject the null hypothesis and
conclude that the model is good fit or the model as a whole is significant.
Coefficient of determination