Unreliable model? A person indicates that his created models prediction is unreliable because of a low R2

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Unreliable model? A person indicates that his created model’s prediction is unreliable because of a low R2 value of 20%.

a) Is this an appropriate justification? Explain.

b) Does this model allow the person to make inaccurate predictions? Explain.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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