Home > Term: r-squared value
r-squared value
A number from 0 to 1 that reveals how closely the estimated values for the trendline correspond to your actual data. A trendline is most reliable when its R-squared value is at or near 1. Also known as the coefficient of determination.
- Part of Speech: noun
- Industry/Domain: Software
- Category: Accounting software
- Company: Microsoft
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Creator
- Rob
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