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Which of the following statements are not correct? The coefficient of determinat

ID: 3063887 • Letter: W

Question

Which of the following statements are not correct? The coefficient of determination, denoted by r*2 is interpreled as the proportion of observed y vanation that cannot be explained by the simple linear regression model. The hi her he value of the coefficient of determination, the more successful s the smp le i ear regresson model in expla ring y vanation lf he coefficient of determination is small, an analyst wil usual y want o search for an alterat e model er era onlinea model or a mu ple re ression model that involves more than a single independent variable) The coefficient of determination can assume any value between 0 and 1 incl O All of the above statements are correct

Explanation / Answer

from above first statement is false

the coefficient of determiantion denoted by r2 is interpreted as the proprotion of .............

( also last option is also incorrect as not all are correct)

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