Tag Archives: Coefficient of determination

Coefficient of Determination

The coefficient of determination, denoted as R2, is a measure of strength of a given correlation. The value will fall between 0 and 1, with a larger number representing a stronger correlation. There are three ways to calculate the coefficient of determination, though each is not guaranteed to produce the same value. In the scope of […]

Coefficient of Determination

The coefficient of determination is often referred to as . The coefficient of determination, simply put, is the measure of how well a regression models a data set. If you have a data set that has an value of 0.95, then that means the regression explains 95% of the variation of the data, which is excellent. […]