Suppose you develop a multiple regression based on 10 years of data to predict the export volume

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Suppose you develop a multiple regression based on 10 years of data to predict the export volume in Canada using six independent variables. You get an R2 of 0.5. How confident would you be that this relationship is not due to chance?

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Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

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