An R²close to 1 A)does not happen with real data. B)indicates that almost all of the variation in the dependent variable is explained by the regression. C)does not explain variation as well as an R² that is above 2. D)means that the regression line does not fit the data very well.

Question

Quizplus · Accepted Answer

An R² close to 1 indicates that almost all of the variation in the dependent variable is explained by the regression. Therefore, option B is the correct choice. Option A is incorrect because R² values close to 1 can happen with real data. Option C is incorrect because an R² above 2 is not necessarily a better explanation of variation than an R² close to 1. Option D is incorrect because an R² close to 1 indicates a good fit between the regression line and the data.

An R2 close to 1

An R²close to 1