Question
The coefficient of determination for estimating packaging costs for a local shipper was determined to be 0.84. Which of the following statement is not correct?
The coefficient of determination for estimating packaging costs for a local shipper was determined to be 0.84. Which of the following statement is not correct?
| Coefficient of determination values close to zero suggest that the equation is very useful. |
| The coefficient of determination is a measure of the percent of variation in the dependent variable explained by variations in the independent variable. |
| Coefficient of determination is often referred to as R-squared by statisticians. |
| The coefficient of determination can have values between zero and one. |
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Study Guide For Use With Managerial Accounting
Authors: Ronald M. Copeland, Paul E. Dascher, Jerry R. Strawser, Robert H. Strawser
1st Edition
0873937651, 978-0873937658
