Generally,a coefficient of determination (r2)that is less than 0.30 indicates a goodness of fit.
Correct Answer:
Verified
Q100: Individual cost items included in the dependent
Q110: In regression analysis, the term "goodness of
Q112: 'Simple regression' is known as 'simple' because
Q113: Multicollinearity is NOT a concern in simple
Q115: If inaccurate cost estimates are too high,then
Q115: The high-low method is more accurate than
Q116: An example of time-series data is to
Q119: A positive slope of a regression line
Q121: A cost function with a lower constant
Q122: Newton Company used 'least squares regression
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents