Question: need answer Interpret the coefficient of correlation using the table below? SUMMARY OUTPUT Regression Statistics Multiple R 0.9902 R Square 0.9805 Adjusted R Square 0.9711
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Interpret the coefficient of correlation using the table below? SUMMARY OUTPUT Regression Statistics Multiple R 0.9902 R Square 0.9805 Adjusted R Square 0.9711 Standard Error 0.1311 Observations 6 Coefficients Intercept 8.1914 X Variable 1 0.1513 O the correlation is strong and positive in direction O 8.1914 is the correlation of variable x O the correlation is moderate and positive 98.05% of the change in the y variable is explained by this x variable
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