If my r squared value is 95.5%, then how much of the variation is not explained by the model? It seems too simple for the answer to be 4.5%. Please help!
Solution:
We are given
R-squared value = explained variation = 95.5% = 0.955
Unexplained variation = 1 – explained variation = 1 – 0.955 = 0.045 = 4.5%
Answer: 4.5%
If my r squared value is 95.5%, then how much of the variation is not explained by the model? It seems too simple for th...
how much data variation is explained
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