An R2 close to 1
A) does not happen with real data.
B) indicates that almost all of the variation in the dependent variable is explained by the regression.
C) does not explain variation as well as an R2 that is above 2.
D) means that the regression line does not fit the data very well.
B
Economics
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The Robinson-Patman act
a. Is a part of the antitrust laws b. Makes it illegal to give a price discount on a good sold to another business c. Is also known as the Anti-Chain-store Act d. All of the above
Economics
Which of the following is not a condition for perfect competition to exist:
a) There are a small number of firms in the industry. b) All firms are producing the same product. c) It is easy to either enter or exit the industry. d) All of the above apply.
Economics