Economics · Statistical Methods
The coefficient of determination (R2) measures: (A) the correlation between the dependent and independent variables. (B) the residual sum of squares as a proportion of the total sum of squares. (C) the explained sum of squares as a proportion of the total sum of squares. (D) how well the sample regression line fits the data. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A), (B) and (D) only
- 2(A), (C) and (D) only
- 3(A) and (D) only
- 4(C) and (D) only✓
Correct answer
(C) and (D) only
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