All else equal, a forecast regression with a R2 of_______ is more valuable than a forecast regression with a R2 of _______.

Question

Quizplus · Accepted Answer

A higher R2 implies that a greater portion of the variation in the dependent variable is explained by the independent variable(s), and thus the model's predictions will be more accurate. Therefore, the forecast regression with an R2 of 0.80 is more valuable than the one with an R2 of 0.50.

All Else Equal, a Forecast Regression with a R2 Of_______