Solved

A Linear Regression Model Estimating the Relationship Between Expenditure on Imports

Question 97

Essay

A linear regression model estimating the relationship between Expenditure on Imports and Annual household income has an R2 value of 0.81.
Interpret R2.

Correct Answer:

verifed

Verified

A R2 of 0.81 means that 81% of...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions