The correlation coefficient is: the range of values over which the probability may be estimated based...

The correlation coefficient is:

the range of values over which the probability may be estimated based upon the regression equation results.
the proportion of the total variance in the dependent variable explained by the independent variable.
the measure of variability of the actual observations from the predicting (forecasting) equation line.
the relative degree that changes in one variable can be used to estimate changes in another variable.

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Expert Solution

Colby Messinger answered 1 year ago

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