Browse dictionary

- [statistics] A statistic computed by the regression equation to quantify model performance. The value of R-squared ranges from 0 to 100 percent. If a model fits the observed dependent variable values perfectly, the R-squared value is 1.0, although this is highly unlikely. An R-squared value like 0.49, for example, is far more likely, and means that the model explains 49 percent of the variation in the dependent variable.