R2 is computed to be 0.79 for a multiple regression analysis on fifty independent variables.What is the appropriate interpretation of R2 = 0.79?

🎲 Try a Random Question  |  Total Questions in Quiz: 102  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
MA251 Final Exam - Statistics II — practice the complete quiz, review flashcards, or try a random question.

MCQs on Statistics.


R<sup>2</sup> is computed to be 0.79 for a multiple regression analysis on fifty independent variables.What is the appropriate interpretation of R<sup>2</sup> = 0.79?