Respective values of the coefficient of determinations

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Reference no: EM13804867

To what extent do you agree with the following statements?

***In essence, do you agree with each statement? Explain why or why not?***

(A) The best test of the performance of two different regression equations is their respective values of the coefficient of determinations.

(B) Equations that perform well in explaining past data are likely to generate accurate forecasts.

Reference no: EM13804867

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