1. What is R2 (R squared)?
2. What does it measure? How is this relate to X and Y? Please briefly explain.
3. So what, why does anyone care how high or low R2 squared is when evaluating a linear regression forecast?
Categories:
1. What is R2 (R squared)?
2. What does it measure? How is this relate to X and Y? Please briefly explain.
3. So what, why does anyone care how high or low R2 squared is when evaluating a linear regression forecast?