Larger values of r² imply that the observations are more closely grouped about the: A)mean value of the independent variables B)mean value of the dependent variable C)least squares line D)origin E)none of the above

Question

Quizplus · Accepted Answer

Larger values of $r^2$ (which seems to be what is being referred to here as $r²$) imply that the observations are more closely grouped about the least squares line. $r^2$ is the coefficient of determination, which measures the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

Larger Values of R2 Imply That the Observations Are More

Larger Values of R² Imply That the Observations Are More