Question: Is it possible to conduct a regression analysis on two variables and obtain a significant regression equation (significant F-ratio), but still have a low r2?

Is it possible to conduct a regression analysis on two variables and obtain a significant regression equation (significant F-ratio), but still have a low r2? What does the r2 statistic measure? How can you have a low r2 yet still get a statistically significant F-ratio for the overall regression equation?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Is it possible to conduct a regression analysis on two variables and obtain a significant regression equation (significant F ratio), but still have a low r2? What does the r2 statistic measure? How...

Is it possible to conduct a regression analysis on two variables and obtain a significant regression equation (significant F ratio), but still have a low r 2 ? What does the r 2 statistic measure?...

Location Income ($1,000) Urban 27 Rural 25 Suburban 25 Suburban 26 Rural 30 Urban 29 Rural 33 Urban 30 Suburban 32 Urban 34 Urban 35 Urban 40 Rural 30 Rural 33 Urban 42 Suburban 32 Urban 43 Urban 43...

Read pages 56-58 and 70-72 of the paper and answer the following questions: 1. The abstract says this study contributes four things to the understanding of Hersey-Blanchard Situational Leadership...

Midterm Examination Questions - Spring 2016 1. The final examination grades of random samples of students from three different classes are shown below. Class A Class B Class C 92 91 85 85 85 93 96 90...

Project Part II: Data and Descriptive Statistics In this section you will expand your project to include your actual data set, descriptive statistics for your quantitative variables, linear...

Competency 3 Statement Utilizing statistical regression and time series analysis models, you will be able to evaluate and analyze how multiple variables impact an organization. You will also be able...

Purpose This assignment provides an opportunity to develop, evaluate, and apply bivariate and multivariate linear regression models. Resources: Microsoft Excel, DAT565_v3_Wk5_Data_File Instructions:...

Write a detailed paper on RFID in Banking Sector.

You are being appointed as a customer sales executive in ICICI bank credit card department. You have been given liberty to approach all the walk-in customers in the bank Explain the AIDAS theory of...

Exercice 1 : J ' tudie le vocabulaire du mouvement. Classez les verbes suivants dans le tableau ci - dessous.D valer - Courir - Virer - Bondir - Cheminer - Gravir - D vier - Surgir - Arpente...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...