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The Coefficient of Determination, Also Known as R-Squared, Is Used

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The coefficient of determination, also known as R-squared, is used to denote the degree of diversification.


Definitions:

Major in Business

An academic discipline that provides students with knowledge and skills in business theories, practices, and management.

Proportion Increased

A measure or metric indicating the change in proportion or percentage of a specific variable over time.

Confidence Interval Estimate

An estimate of a population parameter's range that is likely to include the true value with a specified level of confidence.

Republicans

A member of the Republican Party, one of the two major political parties in the United States, traditionally supporting conservative policies.

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