7 If R? = 1, it means thatall of your errors are largeO your model is no better at predicting Y than the meanyour model is wrongall of your errors are zero If School A has a FLE rate one point higher than School B, we predict thatSchool A has a smaller error than School BSchool A has API 2.11 units higher than School BSchool A has a larger error than School BO School A has API 2.11 units lower than School B

The R square is a statistical measurement that looks at how variations in one variable may be…

Answered: If R2 = 1, it means that all of your…

If R2 = 1, it means that all of your errors are large O your model is no better at predicting Y than the mean O your model is wrong all of your errors are zero

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If R? = 1, it means that
all of your errors are large
O your model is no better at predicting Y than the mean
your model is wrong
all of your errors are zero

If School A has a FLE rate one point higher than School B, we predict that
School A has a smaller error than School B
School A has API 2.11 units higher than School B
School A has a larger error than School B
O School A has API 2.11 units lower than School B

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