The correlation coefficient for a linear regression model is approximately 0.0088. What does the value of this correlation indicate about how well the model fits the data

Question

The correlation coefficient for a linear regression model is approximately 0.0088. What does the value of this correlation indicate about how well the model fits the data

Answer 1

In linear regression, the closer the r-value is to 1, the better it fits. On the other hand, the closer it is to 0, the worse the fit. Because 0.0088 is very close to 0, this line is a very poor fit.