In a two variable regression, the dependent and independent variables are Y and X respectively. The coefficient of correlation between X and Y is 0.8. Which of the following statements is correct?
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UGC-NET 2024 Question 55: Goodness of fit and model selection
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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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