What measure supports how well the regression equation is able to predict Y? A) F test B) Goodness of fit C) R² D) Alpha E) P value

Question

Quizplus · Accepted Answer

Goodness of fit is a measure that indicates how well the regression equation is able to predict Y. It is commonly represented by the R-squared (R2) value, which ranges from 0 to 1. A higher R2 value indicates a better fit of the regression line to the data, and thus better predictability of Y based on the independent variable(s). The other options listed are statistical tests or values that may be used in regression analysis, but they do not directly measure the predictability of Y.

What Measure Supports How Well the Regression Equation Is Able