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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Definitions:

Green Vegetables

Plants or parts of plants that are consumed as food and characterized by their green color, often rich in vitamins, minerals, and fiber.

Yellow Vegetables

Vegetables that are characterized by their yellow coloration, often indicating the presence of specific nutrients such as carotenoids.

Symbolize

To represent, stand for, or denote something else, especially through the use of symbols or symbolic meanings.

Lonely

Feeling sad because of a lack of friends, company, or companionship.