Which of the following statements about the R-squared statistic of a linear estimation (or linearregression) is true?An R-squared statistic of 0.6 means the variation of the independent (explanatory) variableexplains about 60% of the variation of the dependent variable.O An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot beexplained by the variation of the independent (explanatory) variable.O An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60%of the variation of the independent (explanatory) variable.

R-squared, the coefficient of determination, measures how well the model of the regression fits the…

Which of the following statements about the R-squared statistic of a linear estimation (or linear regression) is true? An R-squared statistic of 0.6 means the variation of the independent (explanatory) variable explains about 60% of the variation of the dependent variable. An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot be explained by the variation of the independent (explanatory) variable. An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60% of the variation of the independent (explanatory) variable.

Which of the following statements about the R-squared statistic of a linear estimation (or linear regression) is true? An R-squared statistic of 0.6 means the variation of the independent (explanatory) variable explains about 60% of the variation of the dependent variable. An R-squared statistic of 0.6 means 60% the variation of the dependent variable cannot be explained by the variation of the independent (explanatory) variable. An R-squared statistic of 0.6 means the variation of the dependent variable explains about 60% of the variation of the independent (explanatory) variable.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 5E

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