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Eduncle posted an MCQ
October 19, 2019 • 18:13 pm 0 points
  • UGC NET
  • Economics

In a two-variable regression, the correlation coefficient between dependent and independent variables Y and X is 0?7. What is the percentage of variations in Y

In a two-variable regression, the correlation coefficient between dependent and independent variables Y and X is 0?7. What is the percentage of variations in Y explained by X?

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    Eduncle Best Answer

    Coefficient of variation r2 = Square of coefficient of correlation = 0.72 =0.49.
    r2 of 0.49 means that 49% of the variation in Y is explained by X.

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