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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