Re: R squared
- From: Jerry Dallal <gdallal@xxxxxxxxxxxxxxxxxxxx>
- Date: Wed, 07 Feb 2007 08:07:42 -0500
ryan.lipinski@xxxxxxxxx wrote:
Hello- I have a question regarding the use and interpretation of RIt is the rare question whose answer is R-squared. I've never encountered one. Things like "standard error of the estimate" are almost always more to the point.
squared in business settings. I am interested in knowing if there are
guidelines for R squared that businesses might use when interpreting
it's size. That is, do businesses typically only act on R sqaured's
of .75 or higher, or maybe .90 or higher? Do any sort of standards
exist or is it all subjective?
Thanks
Ryan
Begin by asking your question in simple English. Then ask yourself whether R squared, whatever its value, will resolve it. If not (probably not) state what you need in simple English. Then, see if there is a quantitative measure that corresponds to what you said in simple English.
.
- References:
- R squared
- From: ryan . lipinski
- R squared
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