What Is the Range of Values for the Coefficient of Determination

question 55

Multiple Choice

What is the range of values for the coefficient of determination?

• A) -1 to +1 inclusive
• B) -100% to +100% inclusive
• C) -100% to 0% inclusive
• D) 0% to 100% inclusive
• E) None of these statements are correct

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Definitions:

Tax Return

The form filed with a tax authority that reports income, expenses, and other pertinent tax information. Taxes payable or refundable are also determined through this document.

Relationship Test

A criterion used in tax law to determine eligibility for dependent-related deductions and credits, based on the taxpayer's relationship to the dependent.

Member of Household Test

A criteria used to determine if someone is a qualifying relative for tax purposes, considering factors like relationship, income, and support.

Qualifying Relatives

Individuals who meet certain IRS criteria allowing a taxpayer to claim them as dependents for tax purposes, potentially reducing taxable income.