Question: In conducting a multiple linear regression analysis, an R 2 value of 0.46 is obtained. An extra variable is added and R 2 improves to

In conducting a multiple linear regression analysis, an R² value of 0.46 is obtained. An extra variable is added and R² improves to 0.52. The analyst conducting the regression analysis concludes that this is a meaningful increase in R² and determines that the latter model is an appropriate model to be used.What cautions would you suggest to this analyst with respect to using R² in this situation?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Discussion Board Week 2 1. "Estimating Demand and Its Elasticities" and Statistical Estimation of the Demand Curve During the Weekly Scenarios Herb Jones, a graduate student and part-time data...

ACCT 326 Writing Assignment #1 Managing in a global, digital society requires accountants to pay close attention about information. One of the reasons accountants have to pay close attention to...

Help me with ABSTRACT section. Detailed explanation needed. Here's what I have so far: Introduction The mental health of individuals is an important factor in their overall wellbeing. Social support...

In conducting a multiple linear regression analysis, an R2 value of 0.46 is obtained. An extra variable is added and R2 improves to 0.52. The analyst conducting the regression analysis concludes that...

Need Urgent Help with Question 3 and Question 9 of the attached document - Question 3 needs only ~400 words (also attaching an article which might be needed to answer question-3) My word count for...

Please answer the following questions all the information is included organized please... The problem facing a manager is to assess the impact of factors on full-time (FT) job growth. Specifically,...

Name Platform Year_of_ReGenre Publisher NA_Sales EU_Sales JP_Sales Other_SaleGlobal_Sal Grand ThefPS4 2014 Action Take-Two In 3.96 6.31 0.38 1.97 12.61 FIFA 16 PS4 2015 Sports Electronic 1.12 6.12...

Sales\tPOS\tLocal\tNat 12.85\t5.6\t5.6\t3.8 11.55\t4.1\t4.8\t4.8 12.78\t3.7\t3.5\t3.6 11.19\t4.8\t4.5\t5.2 9\t3.4\t3.7\t2.9 9.34\t6.1\t5.8\t3.4 13.8\t7.7\t7.2\t3.8 8.79\t4\t4\t3.8 8.54\t2.8\t2.3\t2.9...

.... Kindly help me understand this problems only 12-106. + Consider the following computer output. (f) Plot the residuals versus y. Are there any indications of The regression equation is inequality...

13.( 1 pt) For each of the following situations, indicate whether ANOVA is appropriate; if not appropriate, the reason why not; and, if appropriate, the type of ANOVA that would be used (i.e.,...

Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.31 per share (D = $2.31), and the firm's required return is 15%. Find the market value of Lawrence's shares...

Search the Internet (e. g., an entitys website or sec.gov), and find an audit report for an entitys audit of internal control over financial reporting. Deter-mine whether the entity used the combined...

i f the integral does not converge. 0 5 d x x 1 3 1 4

Describe the in-line strategy, and indicate where within the bounds of a typical price an in-line price is likely to fall. Explain how an in-line price for an item could be different than the price...

Compute the NPV statistic for Project U and recommend whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is tenpercent....

Describe the penetration strategy. Where within the bounds of a typical price is a penetration price likely to fall?

Delsing Canning Company is considering an expansion of its facilities. Its current income statement is as follows: Sales ..................$5,500,000 Less: Variable expense (50% of sales) ........

Does the receipt of securities in exchange for the transfer of appreciated property to a controlled corporation cause recognition of gain? Explain.

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

19. Confidence intervals. Several factors are involved in the creation of a confidence interval. Among them are the sample size, the level of confidence, and the margin of error. Which statements are...

20. Confidence intervals, again. Several factors are involved in the creation of a confidence interval. Among them are the sample size, the level of confidence, and the margin of error. Which...

21. Cars. A student is considering publishing a new magazine aimed directly at owners of Japanese automobiles. He wanted to estimate the fraction of cars in the United States that are made in Japan....