A Large Value Of $r ^ { 2 }$ Indicates Strong Evidence for a Causal Relationship Between

question 5

True/False

A large value of $r ^ { 2 }$ indicates strong evidence for a causal relationship between $x$ and $y$ .

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Definitions:

Itemized Deduction

Deductions from income that taxpayers can claim for specific expenses, as opposed to taking a standard deduction.

Home Equity Indebtedness

Debt secured by a qualified residence that exceeds the acquisition indebtedness, with interest on such debt often being deductible under U.S. tax law.

Acquisition Indebtedness

Debt incurred in acquiring, constructing, or substantially improving a qualified residence of the taxpayer, and secured by the residence.

Qualified Residence Interest

Interest paid on a mortgage for a primary or secondary residence, which can be deductible for taxpayers who itemize deductions.