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R-squared

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  1. [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% of the variation in the dependent variable.

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