In Regression Analysis, the R-Square Statistic Measures the Goodness of Fit

question 88

True/False

In regression analysis, the R-square statistic measures the goodness of fit of the regression line.

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Definitions:

Bartering

The exchange of goods or services between parties without the use of money as a medium of exchange.

Reduces

Involves decreasing the amount, size, cost, or number of something in order to achieve efficiency or effectiveness.