A linear regression model indicates there is a high correlation between the unemployment rate and the...
A linear regression model indicates there is a high correlation between the unemployment rate and the sales of new homes in a specific area. If the correlation coefficient is -0.843, what is the coefficient of determination? a. 0.711 b. -0.843 c. None of the provided answers d. 0.918 e. 0.843
Homework Answers
| correlation coefficient = R = - 0.843 | |||
| Coeficient of determination = R^2 | |||
| 0.710649 | |||
| 0.7107 | |||
| =0.711 | |||
| Correct Option: a | |||
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