When looking at r2, fstat and tstat and p-value.
To see if the independent variable is a good predictor of the dependent variable...
if you see you have a r2 of 48% but the tstat>t critical and pvalue > .05, and fstat > fritical you reject Ho, and say there is a significant relationship between the 2 variables.
Can you say the independent variable is a good predictor of the dependent variable even if r2% is low?
To see if the independent variable is a good predictor of the dependent variable...
if you see you have a r2 of 48% but the tstat>t critical and pvalue > .05, and fstat > fritical you reject Ho, and say there is a significant relationship between the 2 variables.
Can you say the independent variable is a good predictor of the dependent variable even if r2% is low?