#12 Goodness of Fit Measure | Anova & Hypothesis Testing | Part 1 | Introduction to Econometrics

Welcome to 'Introduction to Econometrics' course ! This lecture focuses on: Goodness of fit measure (R-squared), which indicates the proportion of variation in the dependent variable explained by the model. Analysis of Variance (ANOVA), which breaks down the total variation in the dependent variable into explained and residual components. Total Sum of Squares (TSS), Explained Sum of Squares (ESS), and Residual Sum of Squares (RSS) NPTEL Courses permit certifications that can be used for Course Credits in Indian Universities as per the UGC and AICTE notifications. To understand various certification options for this course, please visit https://nptel.ac.in/courses/130106001 #GoodnessofFit #ANOVA #TSS #ESS #RSS