Analysis of variance tests the explanatory power of the entire regression.

Name: Analysis of variance tests the explanatory power of the entire regression.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Analysis of variance (ANOVA) is used to determine if there are statistically significant differences between the means of three or more independent groups, which can be applied to test the overall explanatory power of a regression model by comparing the variance explained by the model to the variance unexplained.

Analysis of Variance Tests the Explanatory Power of the Entire