In Regression Analysis, an R Square (R²) of 1

question 48

Multiple Choice

In regression analysis, an R square (R²) of 1.0 would indicate:

• A) that 1 percent of the data points are on the regression line.
• B) that 1 percent of the total mixed costs can be attributable to fixed costs.
• C) that 1 percent of the total mixed costs can be attributable to variable costs.
• D) that there is a perfect correlation between the independent and dependent variables.

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Definitions:

Demand For Dollars

Refers to the desire or need by individuals, businesses, or countries to hold assets in U.S. dollars, influenced by factors like stability and strength of the U.S. economy.

Quantity Demanded

The amount of a good that buyers are willing and able to purchase.

Loanable Funds

The market where savers supply funds for loans to borrowers, influencing interest rates through the forces of supply and demand.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a given time period.