STATISTICAL TECHNIQUES AND TOOLS
CORRELATION COEFFICIENT COEFFICIENT OF DETERMINATION
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Question
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The Coefficient of Determination is
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r squared
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r
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r times the standard deviation of y over the standard deviation of x
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a + bx
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Explanation:
Detailed explanation-1: -The coefficient of determination (R²) is a number between 0 and 1 that measures how well a statistical model predicts an outcome. You can interpret the R² as the proportion of variation in the dependent variable that is predicted by the statistical model.
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