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Monday, February 15, 2021

Coefficient of Determination & its Formula | Explained Variation | Unexplained Variation | Total Variation 2021


 COEFFICIENT OF DETERMINATION:

DEFINITION:

The Ratio of  Explained Variation to the Total Variation is called as Coefficient of Determination.

It is denoted as above "r square".

                   Coefficient of Determination = Explained Variation/Total Variation

Where

What is Explained Variation?

Explained Variation is...

&

What is Total Variation?

Total variation is...


So, we can write Coefficient of Determination Formula also as...


NOTE: Coefficient of Determination may also be written as...

             Coefficient of Determination = 1 - Unexplained Variation/Total Variation


What is Unexplained variation?

Unexplained Variation is...


So, Coefficient of Determination Formula will become...


It may also be written as...


Most Important Information:

Total Variation = Explained Variation + Unexplained Variation



best of luck!


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