The ___________ is a measure of the goodness of fit of the estimated regression equation. It can be interpreted as the proportion of the variability in the dependent variable y that is explained by the estimated regression equation.
A)residual
B)coefficient of determination
C)dummy variable
D)interaction variable

Question

Quizplus · Accepted Answer

The coefficient of determination, also known as R-squared, represents the proportion of variability in the dependent variable that is explained by the independent variable(s) in the estimated regression equation. It is a commonly used measure of the goodness of fit for regression models.

The ___________ Is a Measure of the Goodness of Fit