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Business Analytics · End Term · 11 Dec 2022 · September 2022 term · Set ETD1

Question 8: You are adding a new explanatory variable to the dataset …

Question 8

+1 markOne correct option

You are solving a regression problem with 4 explanatory variables. The data has 40 observations, and the R-square value was found to be 0.74. Then answer the given subquestions.

You are adding a new explanatory variable to the dataset and the new R squared value is 0.742 and adjusted R squared value is 0.745. Is the new variable significant.?

  1. A

    Yes

  2. B

    No

  3. C

    Calculation error. Adj R Squared value cannot be greater than R squared

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Correct answer

  • C

    Calculation error. Adj R Squared value cannot be greater than R squared

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Question 8 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 11 Dec 2022, in the September 2022 term (IIT M DIPLOMA AN1 EXAM ETD1 11 Dec 2022). It carries 1 mark.

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