Use the regression output to compute the R-square and adjusted R-square (points A and B, respectively).
A) 0.056 and 0.017
B) 0.944 and 0.942
C) 0.944 and -0.428
D) 0.06 and 0.02

Question

Use the regression output to compute the R-square and adjusted R-square (points A and B, respectively).
A) 0.056 and 0.017 
B) 0.944 and 0.942 
C) 0.944 and -0.428 
D) 0.06 and 0.02

Quizplus · Accepted Answer

The R-square and adjusted R-square values in the regression output are 0.944 and 0.942 respectively. These values indicate that the model explains 94.4% of the total variation in the dependent variable, which is quite high. The adjusted R-square value takes into account the number of independent variables in the model and adjusts the R-square value accordingly. A value of 0.942 for adjusted R-square indicates that the model is a good fit even after adjusting for the number of independent variables. Therefore, choice B is the correct answer.

Use the Regression Output to Compute the R-Square and Adjusted