Question: 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

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. Is this decision justified?

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