Comparing the amount of money people spend and the amount, Ask an Expert

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a.Comparing the amount of money people spend and the amount people save, your analysis revealed an R-squared=0.97. Should you use this for predictive purposes and why?

b.Comparing the number of cops on our streets and the number of reported crimes, your analysis revealed an R-squared=0.40. Should you use this for predictive purposes and why?
c.How could this apply in your profession?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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