Related to the UGG weather risk analysis, which one of the below is TRUE? Including the Timetrend variable in the regression could increase the likelihood of spurious results. Removing the weather risk would not have any effect on UGG earnings volatility. The R means the percentage of variation in the dependent variable that is explained by the independent variables used in the regression. Smoother earnings do not affect the costs of financial distress. None of the other answers are TRUE.