if-a-models-r-value-is-095-what-does-this-imply-about-the-models-predictions

Question

If a model's R² value is 0.95, what does this imply about the model's predictions?

Accepted Answer

The model's predictions are very close to the actual data.

Answer

The model explains only 5% of the variation in the data.

Answer

The model is not useful for making predictions.

Answer

The model's predictions are very far from the actual data.