Economics · Econometrics & Regression Measures
Which of the following statements is NOT true about the coefficient of multiple determination (R2)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Its value lies between -1 and +1✓
- 2It is a dimensionless/unit-free statistic
- 3It measures the goodness of fit of the regression model
- 4It applies to multiple regression rather than simple linear regression
Correct answer
Its value lies between -1 and +1
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