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There are many measures that we use to determine how well two variables correlate. Pick one of these and discuss what it is. What range

There are many measures that we use to determine how well two variables correlate. Pick one of these and discuss what it is. What range would we like the value to fall in to be comfortable using one variable to predict or estimate the value of another? Why?

The linear correlation coefficient
The coefficient of determination
The standard error

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