Statistical parameters : a (very) quick guide

Use this when you want to quickly understand the performance of your statistical models or while reviewing a paper.

Coefficient of determination:

\(R^2\)

Measures the degree of variance in the dependent variables that are measured by an independent variable.

Range of values: 0 to 1

How to interpret: The higher the coefficient of determination, the better the model’s predictive performance.

More information: Link

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Pearson’s R