The coefficient of multiple determination ranges from:
A) 1.0 to ∞
B) 0.0 to 1.0
C) 1.0 to β
D) 1.0 to k, where k is the number of independent variables in the model
E) 1.0 to n, where n is the number of observations in the dependent variable

Question

Quizplus · Accepted Answer

The coefficient of multiple determination, also known as R-squared, is a measure of how well the independent variables in a regression model explain the variation in the dependent variable. It ranges from 0.0 (indicating no correlation between the independent and dependent variables) to 1.0 (indicating a perfect correlation). Therefore, the best choice is B, as it correctly identifies the range of possible values for R-squared.

The Coefficient of Multiple Determination Ranges From