An energy auditor is analyzing a building's electricity consumption using a regression model with outside air temperature as the only independent variable. The analysis yields an R-squared (R²) value of 0.65. How should the auditor interpret this result?
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A
The model is not a good fit and should be discarded immediately.
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B
The model perfectly predicts 65% of the energy consumption.
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C
65% of the variation in electricity consumption is explained by the outside air temperature.
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D
The building's energy consumption will be reduced by 65% if the temperature is controlled.