If It Is Known That a Simple Linear Regression Model

question 68

True/False

If it is known that a simple linear regression model explains 56 percent of the variation in the dependent variable and that the slope on the regression equation is negative, then we also know that the correlation between x and y is approximately -0.75.

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Definitions:

Actual Performance

is the real, measurable output or results achieved by an individual, team, or organization, as opposed to expected or projected outcomes.

Unfavourable Direction

A situation or trend that is not advantageous or beneficial, potentially leading to adverse outcomes or failure.

Multidimensional Thinking

The ability to analyze and approach problems from multiple perspectives and dimensions, recognizing various factors and potential impacts.

Time Horizons

The length of time over which an investment, project, or policy is intended or expected to operate or have an effect.