Which of the following is true of R²? A)R² is also called the standard error of regression. B)A low R² indicates that the Ordinary Least Squares line fits the data well. C)R² usually decreases with an increase in the number of independent variables in a regression. D)R² shows what percentage of the total variation in the dependent variable, Y, is explained by the explanatory variables.

Question

Quizplus · Accepted Answer

R² indicates the proportion of the variance in the dependent variable that is predictable from the independent variables.

Which of the Following Is True of R2

Which of the Following Is True of R²