A financial analyst builds a regression model to predict the cost of a project based upon several project characteristics. Partial Excel output is displayed below. How much variation in the project cost is accounted for by the regression model? Regression Statistics Multiple R R Square 0.790 Adjusted R Square Standard Error 8.521 Observations 101 Enter your answer as a percentage rounded to one (1) decimal places.

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A financial analyst builds a regression model to predict the cost of a project based
upon several project characteristics. Partial Excel output is displayed below. How
much variation in the project cost is accounted for by the regression model?
Regression Statistics
Multiple R
R Square
0.790
Adjusted R Square
Standard Error
8.521
Observations
101
Enter your answer as a percentage rounded to one (1) decimal places.
Your Answer:
Answer
Transcribed Image Text:A financial analyst builds a regression model to predict the cost of a project based upon several project characteristics. Partial Excel output is displayed below. How much variation in the project cost is accounted for by the regression model? Regression Statistics Multiple R R Square 0.790 Adjusted R Square Standard Error 8.521 Observations 101 Enter your answer as a percentage rounded to one (1) decimal places. Your Answer: Answer
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