An R-squared value that approaches one (1.0) would indicate:
A) An average degree of explanatory power.
B) A low degree of explanatory power.
C) A high degree of explanatory power.
D) The presence of outliers.
E) The absence of outliers.

Question

Quizplus · Accepted Answer

An R-squared value that approaches one (1.0) indicates a high degree of explanatory power. This means that the independent variable(s) are able to explain a large proportion of the variation in the dependent variable.

An R-Squared Value That Approaches One (1