If the Error Sum of Squares Is 12 and the Total

question 61

Multiple Choice

If the error sum of squares is 12 and the total sum of squares is 400, then the proportion of observed y variation explained by the simple linear regression model is

• A) 0.030
• B) 0.173
• C) 0.970
• D) 0.985
• E) None of the above answers are correct.

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Definitions:

"Can't Say" Limitations

Constraints in surveys or questionnaires due to participants choosing not to answer or being unable to provide a response.

"Won't Say" Limitations

Restrictions or challenges in data collection and research when participants refuse to provide answers or give an opinion, leading to incomplete or biased data.

Sales Forecasting

The process of estimating future sales volume and revenue, based on historical data, market analysis, and current trends.

Three-Month Period

refers to a fixed duration or span of time encompassing ninety days or roughly one quarter of a year.