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Business Analytics · Quiz 2 · 1 Dec 2024 · September 2024 term

Question 13: What is the new adjusted R-square value?(Note: If your a…

Question 13

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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 (a total of 9 explanatory variables). The new R-square value is 0.8. Then answer the given subquestions.

What is the new adjusted R-square value?(Note: If your answer is in decimal, enter it rounded to two decimal places. For example, if your answer is “10.256”, enter it as “10.26”)

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Correct answer: 0.785 (accepted within ±0.015)

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Question 13 of 20 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 1 Dec 2024, in the September 2024 term (IIT M DIPLOMA AN EXAM QDD2 01 Dec 2024). It carries 1 mark.

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