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Percentage of variation in Y explained by X is measured by...

This question belongs to Commerce Costing
Costing
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Percentage of variation in Y explained by X is measured by

Answer & Solution
Correct Answer: Option C
Percentage of variation in Y explained by X is measured by coefficient of determination. The coefficient of determination (denoted by R2) is a key output of regression analysis. It is interpreted as the proportion of the variance in the dependent variable that is predictable from the independent variable.
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