The coefficient of determination is the percentage of variance in one variable that can be predicted or explained by another.
What is the coefficient of determination?
- A measurement known as the coefficient of determination can be used to determine how much variability in one element can be attributed to its connections to other related factors.
- The "goodness of fit" of this association, which has a value between 0.0 and 1.0, is quantified.
- The coefficient of determination is the percentage of variance in one variable that can be predicted or explained by another.
- 80% of the points should lie within the regression line if the coefficient is 0.80.
- A regression line that has a value of 1 or 0 would be said to reflect all of the data, respectively.
Therefore, the coefficient of determination is the percentage of variance in one variable that can be predicted or explained by another.
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