Search
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

# Explain what the coefficient of determination is and why it is important - Essay Example

Summary
The coefficient of determination is a value that statisticians use to analyze and interpret the differences that occur in any particular variable due to the differences in some other variable. R2 or R squared is the symbol used to denote the coefficient of determination because…

## Extract of sample"Explain what the coefficient of determination is and why it is important"

Download file to see previous pages relationship between the coefficient of determination and the coefficient of correlation, which is used to reflect the linear relationship between two independent and dependent variables. The formula used for the calculation of the coefficient of determination is:
The coefficient of determination plays an important role in measuring the accuracy of a model, as well as in explaining the logical calculations. In statistical analysis, the resulting coefficient provides an insight into the statistical model’s goodness of fit. Moreover, in statistics, this value is also used to indicate the amount of data spread around the linear equation that shows the linear equation of a prediction. These uses show that the value of the coefficient of determination is critical in statistical analysis and interpretation of ...Download file to see next pagesRead More
Cite this document
• APA
• MLA
• CHICAGO
(“Explain what the coefficient of determination is and why it is Essay”, n.d.)
Explain what the coefficient of determination is and why it is Essay. Retrieved from https://studentshare.org/statistics/1617386-explain-what-the-coefficient-of-determination-is-and-why-it-is-important
(Explain What the Coefficient of Determination Is and Why It Is Essay)
Explain What the Coefficient of Determination Is and Why It Is Essay. https://studentshare.org/statistics/1617386-explain-what-the-coefficient-of-determination-is-and-why-it-is-important.
“Explain What the Coefficient of Determination Is and Why It Is Essay”, n.d. https://studentshare.org/statistics/1617386-explain-what-the-coefficient-of-determination-is-and-why-it-is-important.
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Partition coefficient log p (scientific lab report)
A solute is a soluble component mix with immiscible liquids to achieve equilibrium of constant temperature. In an experiment, researchers used oil and water as solvents and salicylic acid was used as solute. The latter determined the partition coefficients between a non-aqueous phase (oil) and an aqueous phase (water).
4 Pages(1000 words)Essay
Explain the interaction between hormones and behavior, and how these interactions affect the determination of gender identity
The concept of gender identity is related intimately to the gender role concept as the outward manifestations of personality that basically causes reflection of gender identity. In almost all instances, gender identity is self-identified as a result of combination of various extrinsic and inherent factors (Ghosh, 2012).
6 Pages(1500 words)Essay
Gimi coefficient
The ratio in the gini coefficient which is a technique used to measure inequality, lies between 0 and 1, in this 0 is denoted as perfect income equality which means all of them possess same income. And whereas 1 represents as perfect income inequality which means except all one has all the income.
3 Pages(750 words)Essay
History of analytical techniques used in structure determination
An X-ray beam is projected on the crystals. It interacts with the electronic cloud of the crystal to generate diffracted X-ray beams, these electrons are particularly the core electrons, we can obtain this pattern on a phosphor screen and with the help of this we can obtain an electron density map which is used to create the 3D structure of the crystal.
5 Pages(1250 words)Essay
Gene Determination
The process of sexual determination and thus the genital appearance of the baby at birth are largely determined by the presence or absence of genetic and hormonal influences responsible for the process of male differentiation. The gene SRY on the short arm of the Y chromosome has been described as the major player in this process.
7 Pages(1750 words)Essay
An econometrics investigation to explain how severity of sentencing and the likelihood of being caught/sentenced affects the amount of criminal activity
plain what determines crime levels in an area, we expect from the model that the higher the level of unemployment then the higher the level of crime, also the higher the population density the higher the crime level. Other important factors include the number of police
10 Pages(2500 words)Essay
Correlation and Regression
The fact that longer the time patient is taking drug X, the shorter is size of the tumor depicts the relationship between these two variables. It describes the association or correlation that is found between time on taking drug X and size of the tumor such that both of these variables have a relationship with each other.
2 Pages(500 words)Essay
Income determination
The author report that there is evidence of income smoothening effect over the study period. Greenawalt and Sinkey effort add important knowledge to the operation of banking services on the noninterest
6 Pages(1500 words)Essay
Spss
In SPSS Assignment 4, you did a scatter plot to examine the relationship between the compensations of CEOs in the tourism industry and their respective firms’ performance measured by revenues. In this exercise, you are asked to test if there is any significant relationship
5 Pages(1250 words)Essay
Discuss the flexible price monetary model of exchange rate determination and its ability to explain foreign exchange movements. How realistic is the assumption that prices are fully flexible Does this model perform well when tested empirically
The price level in all the countries used for comparison should be in the same currency rate. The use of a similar currency serves as a useful tool for establishing and understanding fluctuations in exchange rate over a given period.
6 Pages(1500 words)Essay
Let us find you another Essay on topic Explain what the coefficient of determination is and why it is important for FREE!
+16312120006