In a Multiple Regression Analysis, If the Model Provides a Poor

question 30

Multiple Choice

In a multiple regression analysis, if the model provides a poor fit, this indicates that:

• A) the sum of squares for error will be large.
• B) the standard error of estimate will be large.
• C) the multiple coefficient of determination will be close to zero.
• D) All of these choices are correct.

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Definitions:

Units of Y

A placeholder term generally referring to quantities or measurements of a variable Y.

Units of X

A measure or quantity of a particular good, product, or factor of production expressed as a discreet unit for analysis or transaction purposes.

Income

The amount of money received by an individual or entity in exchange for labor or services, from investments, or from other sources.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices, illustrating the trade-offs between them.