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R-squared

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by newstudent

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Linear regression in MS Exel offers both the equation for the best fit line and the R-squared value. I can understand the equation but not the R-squared value. I would like to learn about the mathematical calculations and meaning of this value. Help please!

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by webrageous

R-squared is a number between 0 and 1 that
tells you how much variation in your
dependent variable is explained by your
independent variables. Get yourself a
statistics book or look it up online for more
info.

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