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Which of the following statements about the coefficient of determination R 2 are correct? Select all that apply. a . The coefficient of determination R
Which of the following statements about the coefficient of determination R are correct? Select all that apply.
a
The coefficient of determination R tells us what percentage of the variation in the response variable is explained by the model.
b
R will be higher for good models and lower for worse models.
c
In forecasting, we select the model with the highest R to get the most accurate forecasts.
d
An R value close to indicates that generally predictions are very close to the actual values.
e
A good R value in forecasting is or higher.
f
R can only increase when adding additional predictors.
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