Hi
im analysing my dissertation which has a OLS model. My RSS figures are very very big in some cases above 15000. I know a high RSS indicates a poorly fitted model. i have run the regression for 6 different countries using 154 observations per variable using 3 variables.
My dependant variable is CPI. my explanatory variables are gold prices, crude oil prices and food prices.
please help!!
im analysing my dissertation which has a OLS model. My RSS figures are very very big in some cases above 15000. I know a high RSS indicates a poorly fitted model. i have run the regression for 6 different countries using 154 observations per variable using 3 variables.
My dependant variable is CPI. my explanatory variables are gold prices, crude oil prices and food prices.
please help!!