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Basic Question 6 of 14

An analyst is reviewing the following data produced after a regression analysis:

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
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I used your notes and passed ... highly recommended!
Lauren

Lauren

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® 2025 Level I Curriculum, Volume 1, Module 10.