Table:
dependent variable, aggregate sales growth

granular shock 1
granular shock 2
granular shock 3

granular shock

coefficient
0.686
0.685
0.683

standard error
0.091
0.074
0.076

constant

coefficient
0.010
0.039
0.033

standard error
0.005
0.006
0.006

number of observations
1,032
1,032
1,032

r-squared
0.23
0.46
0.45

Statement: the granular shock measure gs1 explains 23% of the annual variation in industry sales growth.
Question: what is the percentage of the annual variation in industry sales growth explained by the granular shock measure gs1?
Answer: [0.23]