"Thus the R2 also can be expressed as one minus the ratio of the sum of squared residuals to the total sum of squares:That's from a swell read entitled Introduction to Econometrics, by James H. Stock and Mark W. Watson.R2 = 1 - (SSR/TSS).Finally, the R2 of the regression of Y on the single regressor X is the square of the correlation coefficient between Y and X. The R2 ranges between zero and one."
I tag Maury, Chalkenteros, and Mr. Patrick J. Smith.
1 comment:
This is hopefully a clarity post
Post a Comment