Multiple Choice
Suppose that the "goodness of fit" of an equation is nearly perfect. What is the value of the R2 statistic in this case?
A) Very close to 0
B) Very close to −1
C) Very close to .5
D) Very close to +1
E) Very close to positive infinity
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: If the sample variance of a set
Q17: The standard error of the regression:<br>A) measures
Q18: What are the four major pitfalls of
Q19: Fred Smith of the Dodge City Bank
Q20: Calculate the degrees of freedom in a
Q22: Carefully explain why adjusted R<sup>2</sup> is always
Q23: What role does uncertainty play in forecasting?
Q24: Calculate the standard error of a regression
Q25: A regression analysis is said to suffer
Q26: How can regression analysis use uncontrolled data