Which of the Following Statements Is True About the Coefficient

Multiple Choice

Which of the following statements is true about the coefficient of determination (R²) ?

A) The higher the value of R²,the more confidence we have that the estimate is accurate.
B) The lower the value of R²,the more confidence we have that the estimate is accurate.
C) The value of R² has no significance on the accuracy of the estimate.
D) The estimate is accurate when R² = 0.