Practice question
Question
“The percent of total variation in the dependent variable that is explained by the set of independent variables in the study”, is denoted by which one of the following?
Explanation
Coefficient of determination, denoted R-squared, quantifies proportion of total variance in dependent variable explained by independent variables in regression model. Values range zero to one, indicating goodness-of-fit, distinct from covariance, multicollinearity or logistic regression concepts.
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