Multiple Choice
A high R2measure in regression analysis is preferred because:
A) it indicates a good fit of the regression line through the data points.
B) it shows that a great deal of the change in the dependent variable is explained by change in the coefficient of determination.
C) it means that the independent variable is a good predictor of the outliers.
D) it means that the cost analyst can be relatively confident in his or her identification of the outliers.
E) it means that the dependent variable is based on mismatched time periods.
Correct Answer:
Verified
Correct Answer:
Verified
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