In Multiple Regression,the Multiple R,also Called the Coefficient of Determination,ranges

question 89

True/False

In multiple regression,the multiple R,also called the coefficient of determination,ranges from 0 to +1.00.It represents the amount of the dependent variable "explained" by the combined independent variables.

---

Definitions:

Intensive

Refers to a method or approach focusing deeply on a specific area or aspect, often requiring a high degree of effort or concentration.

Abundant

Available in large quantities; more than sufficient; plentiful.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors.