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Business Analytics · End Term · 30 Apr 2023 · January 2023 term · Set QPD1-S2

Question 3: You are solving a regression problem with 8 explanatory v…

Question 3

+1 markOne correct option

You are solving a regression problem with 8 explanatory variables. The data has 150 observations, and the R-square value was found to be 0.75. You are adding one more explanatory variable to the dataset, making a total of 9 variables. The adjusted R square value increases to 0.86. What does it signify?

  1. A

    The new variable does not improve the model

  2. B

    The new variable alone has high explanatory power

  3. C

    Adjusted R squared can never be greater than R squared. Calculation error

  4. D

    None of these

Show answer

Correct answer

  • C

    Adjusted R squared can never be greater than R squared. Calculation error

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Question 3 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 30 Apr 2023, in the January 2023 term (IIT M DIPLOMA ET1 EXAM QPD1 S2 30 Apr 2023). It carries 1 mark.

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