1) Can the correlation coefficient be used to assess the fit of the regression line to the data? Is the R-square a better measure? Explain. 2) Explain what is multiple regression method used for? Provide real application example, provide the independent and dependent variables.
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It can be used to assess the fit of the regression line to the data, but it does not provide information about the proportion of the variance in the dependent variable that is explained by the independent variable. The R-square, also known as the coefficient of Show more…
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