Question: We get R square value = 0.9740. This is the coefficient of determination. It measures proportion of variation in your dependent variable(y) explained by your

We get R square value = 0.9740. This is the coefficient of determination. It measures proportion of variation in your dependent variable(y) explained by your independent variable(x) for a linear regression. Here it says, 97.40% of the variance of the dependent variable (PROFIT) being studied is explained by the variance of the independent variables which is a sign of a good fit

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