I have sample a of 138 observations (cross sectional data) and running OLS regression with 6 independent variables.
My adjusted R2 is always coming negative even if I include only 1 independent variable in the model. All the beta coefficients as well as regression models are insignificant. The value of R2 is close to zero.
My queries are:
(a) Is negative adjusted R2 possible? If yes how should I justify it in my study and any references that can be quoted to support my results.
(b) Please suggest what should I do to improve my results? It is not possible to increase the sample size and have already checked my data for any inconsistencies.