When the R2 of a regression equation is very high, it indicates that
When the R2 of a regression equation is very high, it indicates that
A) all the coefficients are statistically significant.
B) the intercept term has no economic meaning.
C) a high proportion of the variation in the dependent variable can be accounted for by the variation in the independent variables.
D) there is a good chance of serial correlation and so the equation must be discarded.
ANSWER
C
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