Which of the following is correct about R-squared? 1. R-squared measures the goodness-of-fit of the estimated model. 2. R-squared is measured as the ratio of sum squared residuals to total sum of squares. 3. R-squared ranges between -1 to +1. 4. R-squared is measured as one minus the ratio of explained sum of squares to total sum of squares.

Which of the following is correct about R-squared? 1. R-squared measures the goodness-of-fit of the estimated model. 2. R-squared is measured as the ratio of sum squared residuals to total sum of squares. 3. R-squared ranges between -1 to +1. 4. R-squared is measured as one minus the ratio of explained sum of squares to total sum of squares.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphs To Economics

Problem 7SQ

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