menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Managerial Economics and Strategy Study Set 1
  4. Exam
    Exam 3: Empirical Methods for Demand Analysis
  5. Question
    If R² Is Less Than 1
Solved

If R² Is Less Than 1

Question 77

Question 77

Multiple Choice

If R² is less than 1


A) the regression analysis is incorrect.
B) the observation data is suspect.
C) some observations do not lie on the regression line.
D) the probability of having the correct fit is very low.

Correct Answer:

verifed

Verified

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

Related Questions

Q2: A normal good has a _ income

Q6: If the price of orange juice rises

Q11: Forecasts are<br>A)generally incorrect.<br>B)predictions about the future.<br>C)explanations of

Q17: If the price of orange juice rises

Q19: If demand is elastic,<br>A)then a 1% decrease

Q32: Suppose the demand function for a good

Q50: If the price of a slice of

Q52: Ramen noodles are likely considered<br>A)a normal good.<br>B)an

Q55: Ordinary Least Squares Regression analysis attempts to<br>A)maximize

Q72: The cross price elasticity of demand for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines