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Commerce · Q403

Costing

Graduate and Post Graduate · Commerce · question 403

Q403

Percentage of variation in Y explained by X is measured by

A.
coefficient of residual
B.
coefficient of prediction
C.
coefficient of determination
Answer
D.
coefficient of index

Answer: Option C

Solution

Answer: Option C
Solution:
Percentage of variation in Y explained by X is measured by 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.