BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ____ is the range of values of the independent variables in the data used to estimate the regression model.
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confidence interval
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codomain
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experimental region
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validation set
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Explanation:
Detailed explanation-1: -Values range from 0 to 1. An R2 close to zero indicates a model with very little explanatory power. An R2 close to one indicates a model with more explanatory power.
Detailed explanation-2: -A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called Regression.
Detailed explanation-3: -Multicollinearity is the occurrence of high intercorrelations among two or more independent variables in a multiple regression model.
Detailed explanation-4: -When the mean value of the dependent variable is independent of the variation in the independent variable, the slope of the regression line is zero.
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