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Realistic of regression model

  1. Oct 23, 2012 #1
    there are two regreesion model Eviews output... which one is more realistic?

    model 1:
    wagehat = 116.9916 + 8.303*IQ
    model 2:
    logwagehat = 5.88 + 0.0088*IQ

    both of them use same samples...

    do i need to know futher statistic information to judge which one is more realistic? such as Rsquare or some thing?
     
  2. jcsd
  3. Oct 23, 2012 #2

    Ray Vickson

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    Science Advisor
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    This question is impossible to answer without knowing the actual data. You can find more info in http://en.wikipedia.org/wiki/Regression_model_validation . Click on the external link "How can I tell if a model fits my data" to see a lot more on this topic.

    RGV
     
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