R² Cannot Decrease as More Independent Variables Are Added to the Regression

question 24

True/False

R² cannot decrease as more independent variables are added to the regression equation.

---

Definitions:

Neoclassical Economist

An economist who studies the determination of prices, outputs, and income distributions in markets through supply and demand.

Sugary Treats

Food items that are high in sugar content, often enjoyed as snacks or desserts.

Neoclassical Economists

Economists who advocate for theories focusing on supply and demand as drivers of price and output in markets, emphasizing the role of individuals’ rational choices in resource allocation.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, and genetics.