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In simple linear regression, a common measure is the one given by the following formula: 2m W Select the correct interpretation of what this formula

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In simple linear regression, a common measure is the one given by the following formula: 2m W Select the correct interpretation of what this formula means to the regression model: 0 It is the amount of variation in the response variable that is not accounted for by the explanatory variable. It is the amount of variation in the explanatory variable that is accounted for by the response variable. 0 C) It is the amount of variation in the response variable that is accounted for by the explanatory variable. 0 It is the amount of variation in the explanatory variable that is not accounted for by the response variable

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