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Relationship between the response and predictor

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Reference no: EM131753934

Question: Suppose that a simple linear model is fit to data. An analysis of the residuals indicates that there is no reason to doubt that the model is correct; the ANOVA test indicates that there is substantial evidence against the null hypothesis of no relationship between the response and predictor. The value of R2 is found to be 0.05. What is the interpretation of this number and what are the practical consequences?

Reference no: EM131753934

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