The coefficient of determination ranges from:
A)1.0 to ∞.
B)0.0 to 1.0.
C)1.0 to k,where k is the number of independent variables in the model.
D)1.0 to n,where n is the number of observations in the dependent variable.

Question

Quizplus · Accepted Answer

The coefficient of determination, also known as R-squared, ranges from 0.0 to 1.0. A value of 0.0 indicates that the model does not explain any of the variability in the dependent variable, whereas a value of 1.0 indicates that the model explains all of the variability in the dependent variable. Therefore, option B is the correct answer.

The Coefficient of Determination Ranges From