When the R² of a Regression Equation Is Very High,it

Multiple Choice

When the R² of a regression equation is very high,it indicates that

A) all the coefficients are statistically significant.
B) the intercept term has no economic meaning.
C) a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables.
D) there is a good chance of serial correlation and so the equation must be discarded.