I have conducted a multiple regression analysis online, however, I'm having a hard time understanding the results. can someone please explain them to me.
Im actually doing a research paper which evaluates FTA's in increasing economic growth in South Korea. the results in the multiple regression analysis are based on data from 1995-2016. Since FTA's come under trade openness, I'm focusing on that in the analysis.
There is not an exact rule, but you would normally want to keep any variable with an absolute value of the t-statistic >2. You have a few variables which are marginal so I would drop those that have a small absolute t-statistic then rerun the regression to see how that works out. Some of these variables are not really independent, like Imports, Exports and Trade Balance. I wouldn't want to see all 3 in a model in any case so maybe drop Unemployment, Imports and Exports and rerun that.