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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 R2 are correct? Select all that apply.
a.
The coefficient of determination R2 tells us what percentage of the variation in the response variable is explained by the model.
b.
R2 will be higher for good models and lower for worse models.
c.
In forecasting, we select the model with the highest R2 to get the most accurate forecasts.
d.
An R2 value close to 1 indicates that generally predictions are very close to the actual values.
e.
A good R2 value in forecasting is 0.8 or higher.
f.
R2 can only increase when adding additional predictors.

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