Recall that R2 is the multiple coefficient of determination and is an indication of the goodness of fit for an estimated multiple regression equation. That is, it is the proportion of the variability in the dependent variable that can be explained by the estimated multiple regression equation. Since it is a proportion, it will only take on values between 0 and 1. It is calculated as follows where SSR is the sum of squares due to regression and SST is the total sum of squares. R2 - SSR SST We are given that SST = 1,808 and SSR = 1,778. Use these values to find the value of R2, rounding the result to three decimal places. %3D %3D

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Recall that R2 is the multiple coefficient of determination and is an indication of the goodness of fit for an
estimated multiple regression equation. That is, it is the proportion of the variability in the dependent variable
that can be explained by the estimated multiple regression equation. Since it is a proportion, it will only take
on values between 0 and 1. It is calculated as follows where SSR is the sum of squares due to regression and
SST is the total sum of squares.
SSR
R2
ST
We are given that SST = 1,808 and SSR = 1,778. Use these values to find the value of R2, rounding the result
to three decimal places.
Transcribed Image Text:Recall that R2 is the multiple coefficient of determination and is an indication of the goodness of fit for an estimated multiple regression equation. That is, it is the proportion of the variability in the dependent variable that can be explained by the estimated multiple regression equation. Since it is a proportion, it will only take on values between 0 and 1. It is calculated as follows where SSR is the sum of squares due to regression and SST is the total sum of squares. SSR R2 ST We are given that SST = 1,808 and SSR = 1,778. Use these values to find the value of R2, rounding the result to three decimal places.
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