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:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, or preferences through study, experience, or teaching.

Sensation

Sensation is the process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

William James

William James was an influential American philosopher and psychologist, known for his contributions to pragmatism and the psychology of religion, and as the co-founder of functional psychology.

Structuralism

A school of thought in psychology that emphasizes understanding the structure of the mind and its perceptions by analyzing its components.