Question: When using regression, interpreting the output is very important for carefully using the results as analytical evidence. Discuss each of the following regression terms and

When using regression, interpreting the output is very important for carefully using the results as analytical evidence. Discuss each of the following regression terms and describe how they can be used to evaluate regression results as analytical evidence for the auditor:

- Correlation coefficient

- Variance explained ( $r$-squared)

- P-value of a statistical result (e.g., F, $t$-statistic)

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