When the R 2 of a regression equation is very high, it indicates that a all the

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When the R² of a regression equation is very high, it indicates that

a		all the coefficients are statistically significant.
b		the intercept term has no economic meaning.
c		a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables.
d		there is a good chance of serial correlation and so the equation must be discarded

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Data Analysis and Decision Making

Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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Posted Date: Jun 11, 2022 04:08 AM

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