What does an R-Squared value indicate about a linear regression?
1 Answer
Nov 1, 2015
It indicates to what extent, the independent variable explains the dependent variable.
Explanation:
Suppose your dependent variable
Now we shall have it like this.
In regression we collect data relating to
We want to know how far the variation in
We calculate
Our conclusion is that 74% variation in
It goes without saying the rest 26% change in