Regression analysis has been used to find the line of best fit for two variables, x...
Fantastic news! We've Found the answer you've been seeking!
Question:
![](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2022/05/6280d318a01ee_8166280d318765cb.jpg)
Transcribed Image Text:
Regression analysis has been used to find the line of best fit for two variables, x and y and the correlation coefficient has then been calculated to assess the reliability of the line as a forecasting tool. What is the value of the correlation coefficient for the line that will provide the most reliable forecast? O a. -0.9 O b. 0 O c. -0.2 O d. 0.2 Regression analysis has been used to find the line of best fit for two variables, x and y and the correlation coefficient has then been calculated to assess the reliability of the line as a forecasting tool. What is the value of the correlation coefficient for the line that will provide the most reliable forecast? O a. -0.9 O b. 0 O c. -0.2 O d. 0.2
Expert Answer:
Answer rating: 100% (QA)
The possible range of values fon the covelation coefficient is 10 t... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Find the line of best fit for the men's 1500 meter run. How does the slope compare with that for the men's mile? (The distances are close; a mile is about 1609 meters.)
-
Find the line of best fit for the ordered pairs 1, 5 and 3, 8. What is the correlation coefficient for these data? Why is this result reasonable?
-
Two variables x and y have a positive association if large values of .r am associated with large values of y. Write an equivalent definition that describes what small values of x are associated with....
-
What relationship would you expect to find between the level of development of a countrys financial system and its level of economic development? Explain in terms of the countrys level of savings and...
-
When a collective bargaining agreement with IMT expired, the workers went on strike. The company announced it would take crossovers and then hire replacement workers, which it did. After the strike...
-
The file BabyWeight provides newborn weights for a simple random sample of 135 infants born in the United States in 1995. Can we conclude that the population from which this sample came is normally...
-
Find an Euler circuit beginning and ending at vertex \(b\) in Graph 12 if one exists. Use the graphs and multigraphs in the given figure. u W Graph 11 a m n B M P e Graph 12 Graph 13 Multigraph 14...
-
Identify the journal in which each of the following transactions is recorded. 1. Cash sales 2. Owner withdrawal of cash 3. Cash purchase of land 4. Credit sales 5. Purchase of merchandise on account...
-
Beam Inc. bonds are trading today for a price of $ 1,404.42 . The bond currently has 22 years until maturity and has a yield to maturity of 2.97 %. The bond pays annual coupons and the next coupon is...
-
For what numbers x 21 x 2 does csc x 1 Refer to the graph which shows y csc x in blue and y sin x in red In the interval 2x x 2 what is the smallest value of x for which cscx 1 3r 2 Type an exact...
-
In 2023, Comet Corporation sold farm land for $500,000. Comet originally had acquired the land for $400,000 several years ago. Previously, Comet had reported the following gains and losses on Section...
-
Consider the two securities, X and Y. The expected returns and standard deviations for the two securities are shown in Table 1 below. Table 1: Expected return and standard deviation of return for X...
-
Company X needs to find a new financing for EUR 2 Mio. What kind of financing source management can have ( please give 2 options only ) . Prepare the accounting journal entries for each of the 2...
-
What is the difference between future value and present value? What data do you need to future value or present value calculation?What are various ways to calculate the time value of money in...
-
Discuss the potential of metal-organic frameworks (MOFs) and covalent organic frameworks (COFs) as emerging catalysts, focusing on their unique structural properties and potential applications in...
-
Lyle's weekly staff meetiogs fove been poorly attended, and those who do attend are often multi-tasking rather than payng attention. Using the cyde of inquiry, Lyle discovered that the problem is the
-
(a) Find the equation of the tangent line to f(x) = x 3 at the point where x = 2. (b) Graph the tangent line and the function on the same axes. If the tangent line is used to estimate values of the...
-
Plot point given in polar coordinates. (-2, - )
-
Solve x 2 - 7x - 30 = 0.
-
In problem, plot each pair of points and determine the slope of the line containing them. Graph the line. (4, 2); (-5, 2)
-
If money is owed to the auditor, what can an auditor do and what risks are involved?
-
Internal Control Procedures for Cash Receipts} Corey and Dee Post are planning to open and operate a 24 -hour convenience store near a university campus. Corey and Dee are concerned that part of the...
-
What is a principal auditor? What must he consider when the work of another auditor is used?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App