The percent of total variation of the dependent variable Y explained by the set of independent variables X is measured by:
A)Coefficient of Correlation
B)Coefficient of Skewness
C)Coefficient of Determination
D)Standard error

Question

Quizplus · Accepted Answer

The coefficient of determination, often denoted as R^2, measures the proportion of the variance in the dependent variable that is predictable from the independent variables. It is a key metric in regression analysis for assessing how well the model explains the variation in the dependent variable.

The Percent of Total Variation of the Dependent Variable Y