If a Simple Pearson Correlation Value = 0

question 22

Multiple Choice

If a simple Pearson correlation value = 0.362,what percentage of variance is unaccounted for?

• A)25%
• B)36%
• C)56%
• D)87%

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Definitions:

Causal Forecasting Methods

Predictive techniques that assume a cause-and-effect relationship between the variable forecasted and one or more independent variables.

Environmental Factors

Natural or human-made elements that affect living organisms and the functioning of ecosystems.

Solver Function

A tool used in software, such as Excel, for finding optimal solutions to mathematical problems by varying multiple inputs within constraints.

Systematic Component

Refers to the portion of variation or movement in a data set or statistical model that can be directly attributed to identifiable, predictable, and quantifiable factors.