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Question about R-squared
Posted: Wed Aug 24, 2011 10:11 am
by vahid1985
my estimated R-squared for an OLS model is 0.59 is it enough for accepting the estimated model?
Re: Question about R-squared
Posted: Wed Aug 24, 2011 10:23 am
by startz
There is no general answer to this question. One thing to look at is how your R-squared compares to work by others on the same topic with similar data.
Re: Question about R-squared
Posted: Thu Aug 25, 2011 1:17 am
by vahid1985
thank you startz for answer my question.my dependent variable is Inflation and independent variables are oil export,nonoil export, inflation(-1),Liquidity and dummy variable.i think because of existence of inflation uncertainty and high risk R-squared is 0.59 but i wanted to ask other people and know their opinion