Q434
Goodness of fit predicted values is also known as
A.
coefficient of determination
AnswerB.
coefficient of index
C.
coefficient of residual
D.
coefficient of prediction
Answer: Option A
Solution
Answer: Option A
Solution:
Goodness of fit predicted values is also known as coefficient of determination. The coefficient of determination (denoted by R2) is a key output of regression analysis. It is interpreted as the proportion of the variance in the dependent variable that is predictable from the independent variable.