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Using data on credit card clients, you run a regression to predict a client's average bill amount. Use the output below to answer the following
Using data on credit card clients, you run a regression to predict a client's average bill amount. Use the output below to answer the following questions. Note: Average Bill Amount and Credit Limit are both measured in dollars. Which of the following would be the correct interpretation of the R2? Question 15 options: We are 9.59% of the way toward perfectly predicting Age and Credit Limit using Average Bill Amount. Our predictions of Average Bill Amount are off by an average of $0.10. We are 9.59% away from perfectly predicting Average Bill Amount using Age and Credit Limit. We are 9.59% of the way toward perfectly predicting Average Bill Amount using Age and Credit Limit
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