Use the value of the linear correlation coefficient to


Use the value of the linear correlation coefficient to calculate the coefficient of determination. What does this tell you about the explained variation of the data about the regression line? About the unexplained variation?

r=0.065

Calculate the coefficient of determination. 

What does this tell you about the explained variation of the data about the regression line?

____ % of the variation can be explained by the regression line.

About the unexplained variation?

____ % of the variation is unexplained and is due to other factors or to sampling error.

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Finance Basics: Use the value of the linear correlation coefficient to
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