All of the following are true,with the exception of one condition:
A)a high R2 or does not mean that the regressors are a true cause of the dependent variable.
B)a high R2 or does not mean that there is no omitted variable bias.
C)a high R2 or always means that an added variable is statistically significant.
D)a high R2 or does not necessarily mean that you have the most appropriate set of regressors.

Question

All of the following are true,with the exception of one condition:
A)a high R2 or does not mean that the regressors are a true cause of the dependent variable. 
B)a high R2 or does not mean that there is no omitted variable bias. 
C)a high R2 or always means that an added variable is statistically significant. 
D)a high R2 or does not necessarily mean that you have the most appropriate set of regressors.

Quizplus · Accepted Answer

This statement is not always true. A high R2 value does not necessarily indicate that an added variable is statistically significant. There may be cases where a variable has a significant impact on the dependent variable but does not significantly improve the R2 value. Therefore, option C is not always true. The other options are true.

All of the Following Are True,with the Exception of One