The R Square value is very important because it tells us how well our regression line fits the scatter of data points.It may range from 0 to +1.00 because it is the square of the correlation coefficient,which may range from -1.00 to +1.00.

Question

Quizplus · Accepted Answer

The statement is true as R Square value measures the proportion of variation in the dependent variable that can be explained by the independent variable(s) in a linear regression model, and ranges between 0 and 1 where 0 indicates no linear relationship and 1 indicates a perfect linear relationship. It is calculated as the square of the correlation coefficient.

The R Square Value Is Very Important Because It Tells