You have built a simple regression model
Question 17 (2 points)
You have built a simple regression model, and during a presentation of the model, the Chief Analytics Officer asks what is the model’s “coefficient of determination”?
Question 17 options:
He is asking for the R-squared value
None of these
All of these
He is trying to determine if the model is a good fit
He is asking for the amount variance explained by the model
Question 18 (2 points)
If there is a low or very weak correlation between Customer Satisfaction (Y), and Amount Spent (X), then a simple regression model using amount spent to predict customer satisfaction will not have much explanatory power.
Question 18 options:
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