A High R² Measure in Regression Analysis Is Preferred Because

question 40

Multiple Choice

A high R² measure in regression analysis is preferred because:

• A)it indicates a good fit of the regression line through the data points.
• B)it shows that a great deal of the change in the dependent variable is explained by change in the independent variable.
• C)it means that the independent variable is a good predictor of the dependent variable.
• D)it means that the cost analyst can be relatively confident in his or her cost predictions.
• E)all of the preceding statements are truE.

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