Describe (In Words)what R²_xy =

question 83

Short Answer

Describe (in words)what r²_xy = .76 means.Is this "good" for a selection measure? Why or why not?

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Definitions:

Balanced Scorecard

A strategic performance measurement system that incorporates multiple performance dimensions by combining financial and nonfinancial measures.

Strategic Performance

The analysis of a company's performance as it relates to its strategic goals, focusing on long-term outcomes and objectives.

Strategic Objectives

High-level goals aligned with an organization's vision and mission, guiding long-term direction and operational strategy.

Performance Metrics

A measure used to assess performance in achieving strategic objectives.