Which of the Following Statements Is True About the Coefficient

question 2

Multiple Choice

Which of the following statements is true about the coefficient of determination (R²) ?

• A)The higher the value of R²,the more confidence we have that the estimate is accurate.
• B)The lower the value of R²,the more confidence we have that the estimate is accurate.
• C)The value of R² has no significance on the accuracy of the estimate.
• D)The estimate is accurate when R² = 0.

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Definitions:

Industrialization

The development of industries in a country or region on a wide scale, often leading to significant social, economic, and cultural changes.

Agricultural Development

The process and practices involved in improving farming methods and the production of crops and livestock to increase food supply, efficiency, and sustainability.

Politicization

The process of making an issue political, thereby bringing it into the domain of public debate and decision-making.

Global Order

The structured arrangement of power, institutions, and relationships that governs international relations and determines the global norms and policies.