A high R2 measure in regression analysis is preferred because:
A. it indicates a good fit of the regression line through the data points.
B. it shows that a great deal of the change in the dependent variable is explained by change in the independent variable.
C. it means that the independent variable is a good predictor of the dependent variable.
D. it means that the cost analyst can be relatively confident in his or her cost predictions.
E. all of the preceding statements are true.
Answer: E. all of the preceding statements are true.
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