You are estimating the cost of an armored vehicle based on maximum number of occupants it...
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You are estimating the cost of an armored vehicle based on maximum number of occupants it can carry. You decide to calculate the coefficient of determination (R2) as part of determining the goodness of fit of an equation. Using the preliminary calculations below, calculate the R2 and determine its meaning. Σ(Υ; - Y)2 = 147000 Σ(Ϋ-y)2 = 135000 Σ(Υ-Υ)2= 12000 You are estimating the cost of an armored vehicle based on maximum number of occupants it can carry. You decide to calculate the coefficient of determination (R2) as part of determining the goodness of fit of an equation. Using the preliminary calculations below, calculate the R2 and determine its meaning. Σ(Υ; - Y)2 = 147000 Σ(Ϋ-y)2 = 135000 Σ(Υ-Υ)2= 12000
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To calculate the coefficient of determination R2 we need the sum of squared errors SSE and the ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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