To test hypotheses on this model you should use a t distribution with how many degrees of freedom is d . 241
Given :
you estimate a model with 5 explanatory variables and an intercept from a data set with 247 observations. to test hypotheses on this model you should use a t distribution with how many degrees of freedom .
Degrees of freedom :
Degrees of freedom refers to the maximum number of logically independent values, which are values that have the freedom to vary, in the data sample .
df = n - 1
here
n = 247 - number of explanatory variables
= 247 - 5
n = 242
so degrees of freedom df = n - 1
= 242 - 1
= 241
Learn more about the degree here:
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