Overheard at the water cooler


Question:

Overheard at the water cooler: My regression model of demand is better than the one that the consultant prepared for us because it has a higher R2. Besides, my equation has three more independent variables and so is more complete then the consultant's. Comment on this statement. Would you agree with the speaker? Explain.

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Econometrics: Overheard at the water cooler
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