The R² Statistic

question 69

Multiple Choice

The R² statistic

• A)varies between -1 and 1.
• B)compares the regression sum of squares to the total sum of squares.
• C)accounts for the number of parameters in the regression model.
• D)is the ratio of the error sum of squares to the regression sum of squares.

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Definitions:

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The total annual income received by an individual from all sources before taxes.

Accounting

The methodical documentation, communication, and examination of a company's financial dealings.

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A senior executive responsible for overseeing the accounting operations and financial reporting of an organization.

Firm

A business organization or entity engaged in commercial, industrial, or professional activities.