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

Question 14: What does the value of the new adjusted R-square value i…

Question 14

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

What does the value of the new adjusted R-square value imply?

  1. A

    The new variable must be dropped from the model

  2. B

    The new variable must be kept in the model

  3. C

    The data is too small for fitting a regression model with 9 variables

  4. D

    None of these

Show answer

Correct answer

  • B

    The new variable must be kept in the model

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Question 14 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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