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

Multi co linearity, Multi co linearity is the term used in the regression ...

Multi co linearity is the term used in the regression analysis to indicate situations where the explanatory variables are related by a linear function, making the inference of the

Explain kleiner hartigan trees, Kleiner Hartigan trees is a technique for ...

Kleiner Hartigan trees is a technique for displaying the multivariate data graphically as the 'trees' in which the values of the variables are coded into length of the terminal br

Coincidences, Coincidences : Astonishing concurrence of the events, perceiv...

Coincidences : Astonishing concurrence of the events, perceived as meaningfully related, with no apparent causal connection. Such type of events abounds in everyday life and is oft

Disease clusters, An unusual aggregation of the health events, real or perc...

An unusual aggregation of the health events, real or perceived. The events might be grouped in the particular region or in some short period of time, or they might happen among the

Conjoint analysis, Conjoint analysis : The method used basically in market ...

Conjoint analysis : The method used basically in market research which is similar in many respects to the various dimensional scaling. The method attempts to assign values to the l

Dot plot, The more effective display than a number of other methods or tech...

The more effective display than a number of other methods or techniques, for instance, pie charts and bar charts, for displaying the quantitative data which are labeled. An instanc

Correlation matrix, Correlation matrix : A square, symmetric matrix with th...

Correlation matrix : A square, symmetric matrix with the rows and columns corresponding to the variables, in which the non diagonal elements are correlations between the pairs of t

Petersen''s factor theorem, Suppose the graph G is n-connected, regular of ...

Suppose the graph G is n-connected, regular of degree n, and has an even number of vertices. Prove that G has a one-factor. Petersen's 2-factor theorem (Theorem 5.40 in the note

SCATTER DIAGRAM, MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM

MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM

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