Which of the following best describes the range of the coefficient of determination?
A)0 to 1
B)−1 to 1
C)1 to n, where n is the number of observations in the sample.
D)1 to k, where k is the number of independent variables in the model.

Question

Quizplus · Accepted Answer

The coefficient of determination, also known as R-squared, measures the proportion of variability in the dependent variable that is explained by the independent variables in the model. Its range is from 0 to 1, where 0 indicates that none of the variability is explained and 1 indicates that all of the variability is explained.

Which of the Following Best Describes the Range of the Coefficient