A Multiple Regression Model Is Assessed to Be Good If $\varepsilon$

question 79

True/False

A multiple regression model is assessed to be good if the error sum of squares SSE and the standard error of estimate s _{$\varepsilon$} are both small,the coefficient of determination R² is close to 1,and the value of the test statistic F is large.

---

Definitions:

Venture Capital

That part of household savings used to finance high-risk business enterprises in exchange for stock (and thus a share of any profit if the enterprises are successful).

Green-card Holders

Individuals who possess a United States Permanent Resident Card, authorizing them to live and work in the U.S. permanently.

Undocumented Workers

Individuals who are employed without legal authorization in a country, often lacking the necessary documentation or permits.

Highly Skilled

Refers to workers who have obtained a high level of training, expertise, or experience in their respective fields.