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'r' measures the linear relationship's strength and direction between two variables, essential for predictive analysis.
The value of 'r' spans from -1 to +1, mapping the full spectrum of linear relationships from perfect negative to perfect positive.
R² quantifies how much of the dependent variable's variance is explained by the independent variable, a key in regression analysis.
With R² values from 0 to 1, the metric illuminates the extent of variance captured by your model.
The correlation coefficient 'r' is calculated through a formula that balances the relationship between two variable sets.
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Values of 'r' reflect the nature of the relationship: positive for direct, negative for inverse, and near 0 for negligible.
The square of 'r', R², sheds light on the model's ability to explain variations in the dependent variable.
Higher R² values signify a model with greater explanatory power, crucial for effective data analysis.
'r' focuses on relationship strength, while R² measures how well the model explains dependent variable changes.
'r' and R² play pivotal roles in interpreting data, aiding in the prediction and understanding of variable relationships.
Delve into the full article to enhance your understanding of data relationships.