The coefficient of determination is used to explain the proportion of variance shared between two variables

Question

Quizplus · Accepted Answer

The coefficient of determination, also known as R-squared, measures how well the regression line fits the data and explains the proportion of variance in the dependent variable that is explained by the independent variable. It ranges from 0 to 1, with 1 meaning that all of the variance in the dependent variable is explained by the independent variable. Therefore, the statement is true.

The Coefficient of Determination Is Used to Explain the Proportion