A large coefficient of determination value will result in a small standard error of the estimate for the regression model, thus providing prediction intervals that are narrow.

Question

Quizplus · Accepted Answer

A large coefficient of determination (R²) indicates a good fit of the model to the data, but it does not directly determine the standard error of the estimate or the width of prediction intervals. The standard error and prediction intervals also depend on other factors like the variability of the data and sample size.

A Large Coefficient of Determination Value Will Result in a Small