Which of the following tells how well a set of variables explains a dependent variable?
A)Z-score
B)Standard deviation
C)Chi-square
D)R-squared
E)Gamma

Question

Quizplus · Accepted Answer

R-squared is a measure of how well the set of independent variables explains the variation in the dependent variable. It represents the proportion of the total variation in the dependent variable that is explained by the independent variables. A higher R-squared value indicates a better fit of the model to the data.

Which of the Following Tells How Well a Set of Variables