Significance of Coefficient of determination

The coefficient of determination, or R-squared, is a statistical measure indicating the goodness of fit of a regression model. It represents the proportion of variance in the dependent variable predictable from the independent variable(s). R-squared values range from 0 to 1, with higher values indicating a better fit and explanatory power. It is used across science, health, and environmental fields to assess model performance, linearity, and the relationship between variables.

Synonyms: R-squared, Goodness of fit, Determination coefficient, Statistical validity, Explained variance,

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The concept of Coefficient of determination in scientific sources