Suppose the correlation coefficient between two variables X and Y is 0.6, what proportion of variation in Y is explained by variation in X?
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4 marks, −1EconometricsGoodness of fit and model selectionR-squared and the coefficient of determinationEasyabout 1 min
CUET-PG 2023 Shift 2 Question 68: Goodness of fit and model selection
Answer and worked solution
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Goodness of fit and model selection has come up 27 times in 6 exams since 2009.
What this question tests
This question is on R-squared and the coefficient of determination, part of Goodness of fit and model selection in Econometrics.
The share of variation in the dependent variable that the regression explains.
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Question from the CUET-PG 2023 Shift 2 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.