In the context of causal forecasting models with multiple regression, an R-squared (R2) value of 0.70 means that 30 percent of the variation in the dependent variable is explained by the independent variable.
a. True
b. False

Regression analysis is a commonly used type of statistics that helps one to infer or determine if there is a relationship between two variables. One variable is dependent while the other is independent.

In the above question, a R² value of 0.70 means that the variation between the dependent and independent variables have more effect on the population and can be said to be a strong effect size.

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In the context of causal forecasting models with multiple regression, an R-squared (R2) value of 0.70 means that 30 percent of the variation in the dependent variable is explained by the independent variable. a. True b. False

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In the context of causal forecasting models with multiple regression, an R-squared (R2) value of 0.70 means that 30 percent of the variation in the dependent variable is explained by the independent variable.
a. True
b. False