Q7 Which of the following statements are true? (More than one option may be correct.) Answer Options Select one or more options TSS (Total Sum of Squares) is defined as the sum of all squared differences between the observed dependent variable and its m R-squared can take any value between 0 and 1. Larger the R-squared value, the better the regression model fits the observations. If RSS =5.50 and TSS=11, the value of VIF will be 1.33

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Q7 Which of the following statements are true? (More than one option may be correct.) Answer Options Select one or more options TSS (Total Sum of Squares) is defined as the sum of all squared differences between the observed dependent variable and its m R-squared can take any value between 0 and 1. Larger the R-squared value, the better the regression model fits the observations. If RSS =5.50 and TSS=11, the value of VIF will be 1.33

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