The ______ Is the Proportion of Variation Explained by Regression

question 92

Multiple Choice

The ______ is the proportion of variation explained by regression.

• A)standard error of the estimate
• B)total sum of squares (SST)
• C)correlation coefficient
• D)coefficient of determination

---

Definitions:

Oligopolization

describes the process whereby a market becomes dominated by a few large companies, reducing competition.

Cutthroat Competition

An extremely aggressive competition where companies use strategies to undercut their rivals' prices.

Cartel

A coalition of producers or vendors aimed at keeping prices elevated by limiting competitive practices.

Concentration Ratio

Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.