What is the coefficient of determination (R-squared)?
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The coefficient of determination, or R-squared, measures the proportion of the variance in the dependent variable that is explained by the independent variables in a regression model. It ranges from 0 to 1, with higher values indicating a better fit.
The coefficient of determination, or R-squared, measures the proportion of the variance in the dependent variable that is explained by the independent variables in a regression model. It ranges from 0 to 1, with higher values indicating a better fit.