An energy auditor develops a linear regression model to predict a building's monthly electricity consumption based on cooling degree days (CDD). The analysis yields an R-squared (R²) value of 0.85. How should the auditor interpret this R² value?
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A
The model is 85% accurate in predicting future energy costs.
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B
85% of the variation in electricity consumption can be explained by the variation in cooling degree days.
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C
The building's cooling system is operating at 85% efficiency.
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D
There is an 85% probability that the model's predictions will be correct.