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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Suppose your R-squared is 0.455, and the explained (or model) sum of squares (ESS) is 2150.
a.          What is the residual (or unexplained) sum of squares (RSS)?
b.          How would you interpret the R-squared value of 0.455 in words?
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