The coefficient of determination alone can be used to assess ______.
A) statistical significance
B) practical significance
C) both a and b
D) neither of these

Question

Quizplus · Accepted Answer

The coefficient of determination (R2) is a measure of how well a regression model fits the data. It is calculated as the square of the correlation coefficient between the predicted values and the actual values. R2 can be used to assess the practical significance of a regression model, but it cannot be used to assess the statistical significance of the model.

The Coefficient of Determination Alone Can Be Used to Assess