Which of the Following Statements Is Correct

question 12

Multiple Choice

Which of the following statements is correct?

• A) The sum of squared errors (SSE) embodies the variation in the dependent variable accounted for by the regression equation.
• B) The value of the R-squared statistic exceeds unity if the total sum of squares exceeds the sum of squared errors.
• C) The value of the R-squared statistic equals zero when all the observations in a data set are equal to the mean observation.
• D) The higher the value of the R-squared statistic, the higher is the goodness of fit of a regression equation.
• E) The value of the R-squared statistic is insensitive to the number of explanatory variables in a regression equation.

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