Discuss the meaning and implications of R-squared and the P-value. What is the meaning of each; how well do they work in determining how well our model predicts the outcome variable? Is the use of these values controversial in any way? How are they sometimes misused?

Answer rating: 100% (QA)

Rsquared and the Pvalue are commonly used statistical measures in regression analysis to assess the goodness of fit of a regression model and the significance of the relationships between variables He... View the full answer