In the context of causal forecasting models with multiple regression,an R-squared (R²)value of 0.70 means that 30 percent of the variation in the dependent variable is explained by the independent variable.

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An R-squared value of 0.70 means that 70 percent of the variation in the dependent variable is explained by the independent variables, not 30 percent.

In the Context of Causal Forecasting Models with Multiple Regression,an