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What is the primary purpose of the third step when you are evaluating a linear regression...

What is the primary purpose of the third step when you are evaluating a linear regression model?

Multiple Choice

To determine if the model has negative serial correlation.

To evaluate the explanatory power of the model.

To understand whether the relationship is statistically significant at the desired level of confidence.

To assess whether the model is logical.

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Third step in evaluating a linear regression model is to understand whether the relationship is statistically significant at the desired level of confidence.

Therefore, To understand whether the relationship is statistically significant at the desired level of confidence is correct option.

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