Question

Which of the following statistics provides us with a measure of the variation in the dependent variable explained by the Simple Linear Regression model?

Group of answer choices

Standard Deviation

R-Squared

Slope

t-Statistic

Sample Siz

Answer 1

R-Squared

Explanation:

In a simple linear regression model, R-Squared or R² represents the proportion or percentage of the variation of dependent variable, explained by an independent variable or variables.

In simple terms, it is a measure of how well the variation of one variable explains the variation of the other.