Which of the Following Statements About R² is Not True

question 19

Multiple Choice

Which of the following statements about R² is not true?

• A) It is sometimes called the coefficient of determination.
• B) Its values can range from -1.00 to +1.00.
• C) Its value indicates the percentage of variation of Y explained by all predictors as a set.
• D) It is a measure of magnitude but not direction of relationships.

---

Definitions:

Occupations

Various forms of employment or professions where individuals engage in specific activities to earn a living, often requiring specialized training or skills.

Price Elastic

An indicator of the responsiveness of the demand for a product to fluctuations in its price.

Substitutable

Describes goods or services that can serve as replacements for each other, fulfilling similar needs or desires for consumers.

Unit-elastic

Unit-elastic refers to a situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.