yes
If the coefficient is c, then if |c| is close to 1 the line is a good predictor.
google correlation coefficient and read about it.
Hello, i have asked my question below if anyone would be kind enough to help me out :)
____________________________________________________________
You use a line of best fit for a set of data to make a prediction about an unknown value. The correlation coefficient for your data set is -0.833. Can you be confident that your predicted value will be reasonably close to the actual value? Why or why not?
____________________________________________________________
1 answer