Explain why given does not provide convincing evidence

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Reference no: EM131400551

Suppose r² = .95

(a) Explain why this does not provide convincing evidence that the least squares line provides a good fit to a scatterplot of the points.

(b) If the least squares line provides a poor fit, what does this say about using Y^ˆversus Y^¯ to estimate Y .

Reference no: EM131400551

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