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Basic Question 6 of 14
An analyst is reviewing the following data produced after a regression analysis:
Regression Sum of the Squares (RSS) = 437
Sample data included 25 observations.
B. 91.8% of the variation in the dependent variable may be explained by the regression model.
C. 95.8% of the variation in the dependent variable may be explained by the regression model.
Total Sum of Squares (TSS) = 476
Sum of the Squares of the Errors (SSE) = 39
Regression Sum of the Squares (RSS) = 437
Sample data included 25 observations.
Using the analysis of variance (ANOVA) approach, which of the following statements would be true?
A. 91.1% of the variation in the dependent variable may be explained by the regression model.
B. 91.8% of the variation in the dependent variable may be explained by the regression model.
C. 95.8% of the variation in the dependent variable may be explained by the regression model.
User Contributed Comments 1
| User | Comment |
|---|---|
| quanttrader | RSS = explained variation SSE = unexplained variation |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
calculate and interpret measures of fit and formulate and evaluate tests off it and of regression coefficients in a simple linear regression
CFA® 2024 Level I Curriculum, Volume 1, Module 10.