Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If computing a causal linear regression model of Y = a + bX and the resultant r 2 is very near zero, then one would

If computing a causal linear regression model of Y = a + bX and the resultant r2 is very near zero, then one would be able to conclude that
Group of answer choices
Y = a + bX is a good forecasting method.
a multiple linear regression model is not a good forecasting method for the data.
Y = a + bX is not a good forecasting method.
a multiple linear regression model is a good forecasting method for the data.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Strategic Management

Authors: Martyn R Pitt, Dimitrios Koufopoulos

1st edition

978-1849201872, 1849201870, 978-1260092271

More Books

Students also viewed these General Management questions