Asked by Amber Porter on Jul 11, 2024
Verified
{Real Estate Builder Narrative} What percentage of the variability in house size is explained by this model?
Variability
The extent to which data points in a statistical distribution or dataset differ from each other.
Real Estate
Real estate refers to property consisting of land and the buildings on it, along with its natural resources, and is subject to transactions like buying, selling, or renting.
- Compute and elucidate the coefficient of determination (R^2) along with the adjusted R^2.
Verified Answer
SS
Shannel SuguitanJul 13, 2024
Final Answer :
86.5% of the variability in house size is explained by this model (since this is the value of R-Squared).
Learning Objectives
- Compute and elucidate the coefficient of determination (R^2) along with the adjusted R^2.
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