STATISTICAL TECHNIQUES AND TOOLS
CORRELATION COEFFICIENT COEFFICIENT OF DETERMINATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the coefficient of determination is 0.876, what percent of the variation is explained?
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56%
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88%
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-67%
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92%
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Explanation:
Detailed explanation-1: -Ans. 3 If the coefficient of determination is 0.95, this means that 95% of the y values are positive.
Detailed explanation-2: -The coefficient of determination can be interpreted as the percentage of variation of the Y variable that can be attributed to the relationship. In other words, a value of r2=0.63 can be interpreted as “63% of the variation in Y can be attributed to the variation in X.
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