In the goodness-of-fit measures, interpret the coefficient of determination for Earnings with Model 3 and what the sample variation of earnings explains.
A) 41.87% of the sample variation in Earnings is explained by the regression model.
B) 0.8475 of the sample variation in Earnings determines the model selection.
C) 0.010 of the sample variation in Earnings determines the model selection.
D) 42.88% of the sample variation in Earnings is explained by the regression model.

Question

In the goodness-of-fit measures, interpret the coefficient of determination for Earnings with Model 3 and what the sample variation of earnings explains. 
A) 41.87% of the sample variation in Earnings is explained by the regression model. 
B) 0.8475 of the sample variation in Earnings determines the model selection. 
C) 0.010 of the sample variation in Earnings determines the model selection. 
D) 42.88% of the sample variation in Earnings is explained by the regression model.

Quizplus · Accepted Answer

The Answer of In the goodness-of-fit measures, interpret the coefficient of determination for Earnings with Model 3 and what the sample variation of earnings explains. 
A) 41.87% of the sample variation in Earnings is explained by the regression model. 
B) 0.8475 of the sample variation in Earnings determines the model selection. 
C) 0.010 of the sample variation in Earnings determines the model selection. 
D) 42.88% of the sample variation in Earnings is explained by the regression model.

In the Goodness-Of-Fit Measures, Interpret the Coefficient of Determination for Earnings