Adjusted r-squared, Advanced Statistics

Assignment Help:

R-squared is regarded as the coefficient of determination and is used to give the proportion of the fluctuation of the variance of one variable to another variable. R-squared also establishes the percentage of data that is near to goodness of fit. 

S = 0.0903972   R-Sq = 26.3%   R-Sq(adj) = 26.1%

In this case R-squared is 26.3%; this indicates that there is a variation in Y (Wfood) in relation to the linear relationship between the Y and X variables.  The remaining percentage (73.7%) is the variation which is unknown.

The adjusted R-squared figure of 26.1% is a more accurate measure of the goodness of fit and as it is lower than r-squared and it indicates that certain explanatory variables are missing therefore the fluctuation of the dependent variable is not fully measured.


Related Discussions:- Adjusted r-squared

Describe human capital model, Human capital model : The model for evaluatin...

Human capital model : The model for evaluating the economic implication of the disease in terms of the economic loss of a person succumbing to morbidity or the mortality at some pa

Sampling issue, Dear Experts, Please note that I''m doing a PhD in Busines...

Dear Experts, Please note that I''m doing a PhD in Business management under the title: Technology transfer and competitive advantage in Qatar oil and gas companies. It is a quant

Rational –experiential inventory, Demographic data: Age: continuous vari...

Demographic data: Age: continuous variable Gender: categorical variable with males coded 1, females coded 2. Relationship status: categorical variable 1 to 5. Rational

Identifying the necessary and sufficient conditions, You have probably noti...

You have probably noticed by now that some of the statements of necessary and sufficient conditions sound more natural than others. For example it seems more natural to express "We

Define hazard function, Hazard function : The risk which an individual expe...

Hazard function : The risk which an individual experiences an event in a small time interval, given that the individual has survived up to the starting of the interval. It is th

T-test , Ha: If hyperlipidemia is believed to be a side effect of second-ge...

Ha: If hyperlipidemia is believed to be a side effect of second-generation antipsychotics (SGAs), then Hispanic patients with SGAs treatment will have the higher frequency of devel

General location model, The model for data containing continuous and catego...

The model for data containing continuous and categorical variables both.The categorical data are summarized by the contingency table and their marginal distribution, 182by the mult

Explain markers of disease progression, Markers of disease progression : Qu...

Markers of disease progression : Quantities which form a general monotonic series throughout the course of the disease and assist with its modelling. In uasual such quantities are

Factorization theorem, The theorem relating structure of the likelihood to ...

The theorem relating structure of the likelihood to the concept of the sufficient statistic. Officially the necessary and sufficient condition which a statistic S be sufficient for

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd