The R Square Value Is Very Important Because It Tells

question 66

True/False

The R Square value is very important because it tells us how well our regression line fits the scatter of data points.It may range from 0 to +1.00 because it is the square of the correlation coefficient,which may range from -1.00 to +1.00.

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Definitions:

Manual Systems

Traditional methods of processing data and managing information that do not rely on automated or computerized systems.

Special Journals

Accounting books used to categorize and record specific types of transactions such as sales, purchases, cash receipts, and cash disbursements, streamlining the accounting process.

Record and Post

The process of recording transactions in the journals and subsequently posting them to the ledger accounts.

Special Journals

Accounting journals designed for the repeated recording of specific types of transactions, such as sales or purchases, to streamline the accounting process.