When the R² of a Regression Equation Is Very High,it

question 64

Multiple Choice

When the R² of a regression equation is very high,it indicates that

• A)all the coefficients are statistically significant.
• B)the intercept term has no economic meaning.
• C)a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables.
• D)there is a good chance of serial correlation and so the equation must be discarded.

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Definitions:

Libido

A term often used in psychoanalytic theory to denote the energy associated with the sexual drive and desire.

Id

In psychoanalytic theory, the part of the mind in which innate instinctual impulses and primary processes are manifest.

Superego

The component of the human psyche in Freudian psychoanalytic theory that mediates between the primal desires of the id and the moral standards of the ego, often associated with conscience.

Bar Exam

A professional examination that aspiring lawyers must pass in order to practice law in a given jurisdiction.