Coefficient of determination, Applied Statistics

Coefficient of Determination

The coefficient of determination is given by r2 i.e., the square of the correlation coefficient. It explains to what extent the variation of a dependent variable is expressed by the independent variable. A high value of r2 shows a good linear relationship between the two variables. If r = 1 and r2 = 1, it indicates a perfect relationship between the variables. 

Posted Date: 9/15/2012 5:00:15 AM | Location : United States

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