In a regression equation where Y is demand and X is advertising,a coefficient of determination ( )of .70 means that 70% of the variance in advertising is explained by demand.

Question

In a regression equation where Y is demand and X is advertising,a coefficient of determination (  )of .70 means that 70% of the variance in advertising is explained by demand.

Quizplus · Accepted Answer

The coefficient of determination (R-squared) of .70 means that 70% of the variance in demand is explained by the variance in advertising, not the other way around.

In a Regression Equation Where Y Is Demand and X