fit to a data set with p predictor variables, and the adjusted R-squared value is 0.75. What can we conclude about the model fit and the predictor variables in the model?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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A multiple regression model has been fit to a data set with p predictor variables, and the adjusted R-squared value is 0.75. What can we conclude about the model fit and the predictor variables in the model?
Expert Solution
Step 1

Multiple regression model

y = b0+b1x1+b2x2

Independent variables x1 and x2
Dependent variable y

 

Given is the adjusted R square = 0.75

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