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ABPshsu.blackboard.com/webapps/assessmernt what Is The 8..y Beginners? Jobs .. Job posting if You Don't B..Story 1 Verily Sm. pple Bing Google Yahoo QUESTION 26 information does R2 that is, r-squared) provide in general about the fit of a regression model? It tells us the proportion of variability in the dependent variable, Y that is explained by the model. The dloser R2 is to 1, the less variability in the dependent variable is expliained by the model We should keep choosing different independent variables until R2 equals t. @ It is exactly equal to the oorrelation between X and Y It tells us the proportion of variability in the independent variable, K, that is explained by the model. QUESTION 27

Explanation / Answer

Solution:

Interepretation of R2 :

It tells us the proportion of variablity in the dependent variable Y, that is explained by the model.

Hence option first is correct.

Example: Suppose R2 = 0.49. This implies that 49% of the variability of the dependent variable has been explained by the model.

Done

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