Past Performance Is Rarely a Good Indicator of Future Performance

question 1

True/False

Past performance is rarely a good indicator of future performance.

---

Definitions:

Coefficient Of Determination

A metric used in statistical analysis that assesses how well a model explains and predicts future outcomes, typically squared correlation between observed and predicted values.

SST

Sum of Squares Total, a measure in statistical analysis representing the total variation within a dataset.

SSR

Sum of Squares due to Regression, a measure used in statistical analysis to determine the discrepancy between observed and predicted values.

Coefficient Of Correlation

A statistical measure that represents the strength and direction of a linear relationship between two quantitative variables.