Questions
Single choice
Larger values of R2 imply that the observations are more closely grouped about the
Options
A.average value of the independent variables
B.average value of the dependent variables
C.none of the other statements are correct
D.least squares line

View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
When evaluating what larger R^2 values imply in a simple linear regression context, we want to consider what R^2 represents and how it relates to the data fit.
Option 1: 'average value of the independent variables' — This is not what R^2 measures. R^2 does not describe where the x-values cluster around; it concerns ho......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
Question at position 11 The coefficient of determination ………….. (Select all that apply)is used to evaluate the goodness of fitis equal to zero for a perfect fittakes values between –1 to +1is equal to negative one for the poorest fit
Calculate R^2 of the regression line for predicting height from shoulder girth, and interpret it in the context of the application.
The correlation coefficient for number of cans of beer and BAC is 0.89. Calculate R^2 and interpret it in context.
In a predictive regression model, in-sample R-squared is computed based on
More Practical Tools for International Students
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!