In the context of linear regression, R-squared (R²) is used to:

Question

In the context of linear regression,  R-squared (R²)  is used to:

Answer

Determine the exact prediction errors.

Answer

Measure the difference between observed and predicted values for each point.

Answer

Check the multicollinearity between predictors.

Answer

Indicate the percentage of variance in the dependent variable explained by the independent variable(s)

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