As the goodness of fit for the estimated multiple regression equation increases, _____. A) the value of the adjusted multiple coefficient of determination decreases B) the value of the regression equation's constant b₀ decreases C) the value of the multiple coefficient of determination increases D) the value of the correlation coefficient increases

Question

Quizplus · Accepted Answer

The multiple coefficient of determination, also known as R-squared, measures the proportion of the variance in the dependent variable that is explained by the independent variables in the regression equation. As the goodness of fit improves, meaning the observed data points are closer to the predicted values from the regression equation, the multiple coefficient of determination will increase.

As the Goodness of Fit for the Estimated Multiple Regression