Video 3: Model Fit
8:47
YouTubedataminingincae
Video 3: Model Fit
This video discusses how to interpret the R-squared and the Regression Standard Error to assess model fit: the model's ability to explain the variance in the dependent variable. TABLE OF CONTENTS: 00:00 Introduction 00:07 Some things we just can’t explain 01:24 Model Fit 03:08 R-Squared ( R2 ) 03:54 R2 Examples 04:52 Plot of Consumption vs ...
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