A High R²measure in Regression Analysis Is Preferred Because

question 30

Multiple Choice

A high R²measure 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 coefficient of determination.
• C)it means that the independent variable is a good predictor of the outliers.
• D)it means that the cost analyst can be relatively confident in his or her identification of the outliers.
• E)it means that the dependent variable is based on mismatched time periods.

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Definitions:

Negative Gossip

Harmful or malicious rumors or talk about someone that can damage their reputation or relationships.

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The act of seizing, disseminating, and optimally utilizing expertise within a corporation.

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Positive Correlation

A relationship between two variables in which both either increase or decrease together.