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Earn +20 ptsQ: How do you determine coefficient of determination in excel?
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What is coefficient of determination?
The coefficient of determination R2 is the square of the correlation coefficient. It is used generally to determine the goodness of fit of a model. See: http://en.wikipedia.org/wiki/Coefficient_of_determination for more details.
How is coefficient of determination and coefficient of correlation is related?
coefficient of determination
What is coefficient variation?
it is da same as coefficient of determination
What is numerical range of regression coefficient?
ɪf the regresion coefficient is the coefficient of determination, then it's range is between 0 or 1. ɪf the regression coefficient is the correaltion coefficient (which i think it is) the it must lie between -1 or 1.
What does the coefficient of determination explain in regression?
The coefficient, also commonly known as R-square, is used as a guideline to measure the accuracy of the model.
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