Coefficient of Determination

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
Coefficient of Determination
Coefficient of Determination R-Squared Regression Analysis Statistics Data Analysis Predictive Modeling
Test statistic that quantifies the amount of variability in a dependent variable explained by the regression model's independent variable(s).
Read more about Coefficient of Determination.
Definitions
Coefficient of Determination (R^2)
Coefficient of Determination R^2 Regression Analysis Variance Model Fit Statistics Data Science Predictive Analysis
The Coefficient of Determination, denoted as R^2, measures the proportion of the variance in the dependent variable that is predictable from the independent variable(s). It is commonly used in the context of regression analysis to determine how well the model fits the data.
Read more about Coefficient of Determination (R^2).

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.