Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

In linear regression, if the r2 value is low, this indicates that ______. the best fitting line did not fit the data well the null

In linear regression, if the r2 value is low, this indicates that ______. the best fitting line did not fit the data well the null hypothesis should be rejected there is a weak, positive relationship among the variables the data is on an ordinal or ratio scale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Introduction to Corporate Finance

Authors: Scott B. Smart, William L Megginson

2nd edition

9780324658958, 0324658958, 978-0324657937

Students also viewed these Mathematics questions

Question

What does the R2 measure? What is the R2 for a typical company?

Answered: 1 week ago