Regression Equation 1 estimated units sold using 4 explanatory variables and has an R 2 = 0.83
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Question:
Regression Equation 1 estimated units sold using 4 explanatory variables and has an R2 = 0.83 and an Adjusted R2 = 0.81. Regression Equation 2 estimated units sold using 10 explanatory variables and has an R2 = 0.86 and an Adjusted R2 = 0.77.
a)
Equation 1 is a better fit because of a lower R2 than for Equation 2
b)
Equation 1 is a better fit because of a higher Adjusted R2 than for Equation 2
c)
Equation 2 is a better fit because of a higher R2 than for Equation 1
d)
Equation 2 is a better fit because of a lower Adjusted R2 than for Equation 1
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