In the goodness-of-fit measures, interpret the coefficient of determination for Earnings with Model 3 and what the sample variation of earnings explains. Model 1Model 2Model 3Standard error of the estimate Se6,648.67535,430.07345,834.7554Coefficient of determination R20.95970.35010.7005Adjusted R20.62430.84420.4045 .

For model coefficient of determination R2=0.7005 Interpretation of coefficient of…

Answered: In the goodness-of-fit measures,…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

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In the goodness-of-fit measures, interpret the coefficient of determination for Earnings with Model 3 and what the sample variation of earnings explains.

	Model 1	Model 2	Model 3
Standard error of the estimate S_e	6,648.6753	5,430.0734	5,834.7554
Coefficient of determination R²	0.9597	0.3501	0.7005
Adjusted R²	0.6243	0.8442	0.4045

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