Te r2nbspand adjusted r2nbsptell us how much of the

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Reference no: EM13628938

Please provide clear explanation

The R² and adjusted R² tell us how much of the variation in the dependent variable is explained by our model but not much else. That works well for forecasters, who worry more about R² than bias. What conditions need to hold for that attitude to make sense?

Reference no: EM13628938

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