coefficient of determination the coefficient of, Applied Statistics

+44 141 628 6080
[email protected]

coefficient of determination the coefficient of

Coefficient of Determination

The coefficient of determination is given by r² i.e., the square of the correlation coefficient. It explains to what extent the variation of a dependent variable is expressed by the independent variable. A high value of r² shows a good linear relationship between the two variables. If r = 1 and r² = 1, it indicates a perfect relationship between the variables.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Applied Statistics: coefficient of determination the coefficient of

Reference No:- TGS0160208

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Applied Statistics

Q : type i and ii errorsif a statistical hypothesis

type i and ii errorsif a statistical hypothesis is tested we may get the following four possible casesthe null hypothesis is true and it is

Q : correlationthe board of directors of bata company

correlationthe board of directors of bata company is faced with the problem of estimating what the annual sales might be in a shop to be opened in

Q : significance of correlationthe study of

significance of correlationthe study of correlation is of immense use in practical life correlation analysis contributes to the understanding of

Q : caveatwe must be careful when interpreting the

caveatwe must be careful when interpreting the meaning of association although two variables may be associated this association does not imply that

Q : coefficient of determination the coefficient of

coefficient of determination the coefficient of determination is given by r2 ie the square of the correlation coefficient it explains to what extent

Q : analytical approachwe will illustrate this

analytical approachwe will illustrate this through an exampleexample 1a firm sells a product in a market with a few competitors the average price

Q : simulationwhen decisions are to be taken under

simulationwhen decisions are to be taken under conditions of uncertainty simulation can be used simulation as a quantitative method requires the

Q : should video game companies continue to alter

should video game companies continue to alter their products to include other functions such as e-mail

Q : need for simulationif the mathematical model set

need for simulationif the mathematical model set up could always be optimized by the analytical approach then there would be no need for simulation

1930610

Questions
Asked

3,689

Active Tutors

1414783

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

How you ensure that other team members understand roles

Discuss how you plan to comply with this requirement and explain how you will ensure that other team members understand their roles.

Substance abuse program for teenagers struggling

Question: Substance abuse program for teenagers struggling with addiction. - e.g., what is the rationale or interest in this project?

What when a counselor asks a client to pretend to interview

When a counselor asks a client to pretend to interview for a job, and the counselor pretends to be an employer,

What options is true in relation to validity

Question: Which of the following options is true in relation to validity? Question Select one:

Why consciousness is an especially important

Consciousness is an especially important team member characteristic. Research indicates that mixing highly conscious individuals in a team

Describe psychology research methods

Question: An old adage in psychology research methods courses is that "correlation does not prove causation".

What helps to be more professional

What I can do. Find out what makes you different. What helps to be more professional . What can I do well? What things do people value in me?