Another Note
Another Note
R2 :
The coefficient of determination, r 2, is useful because it gives the
proportion of
the variance (fluctuation) of one variable that is predictable from the other
variable.
It is a measure that allows us to determine how certain one can be in
making
predictions from a certain model/graph.
The coefficient of determination is the ratio of the explained variation to the
total
variation.
The coefficient of determination is such that 0 < r 2 < 1, and denotes the
strength
of the linear association between x and y.
The coefficient of determination represents the percent of the data that is the
closest
to the line of best fit. For example, if r = 0.922, then r 2 = 0.850, which
means that
85% of the total variation in y can be explained by the linear relationship
between x
and y (as described by the regression equation). The other 15% of the total
variation
in y remains unexplained.
The coefficient of determination is a measure of how well the regression
line
represents the data. If the regression line passes exactly through every
point on the
scatter plot, it would be able to explain all of the variation. The further the
line is
away from the points, the less it is able to explain.