Current Events > Hey stats buffs--can you explain r-squared to me?

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LordBalor4 12/29/17 11:52:56 PM #1:	I want to find out how correlated the prices of 2 items are over time. On a given day, what does an r-squared near 1 tell me? An r-squared near 0? <cite>LordBalor4 posted [p:893102191] in Hey stats ... [t:76150189]...</cite> <quote>I want to find out how correlated the prices of 2 items are over time. On a given day, what does an r-squared near 1 tell me? An r-squared near 0?</quote> ... Copied to Clipboard!
C_Pain 12/29/17 11:55:26 PM #2:	higher the r square (closer to 1/100%) the better the model fits your data --- How quaint. Join the Dank Chamber today: https://discord.gg/YwmDmtZ <cite>C_Pain posted [p:893102310] in Hey stats ... [t:76150189]...</cite> <quote>higher the r square (closer to 1/100%) the better the model fits your data</quote> ... Copied to Clipboard!
LordBalor4 12/29/17 11:56:47 PM #3:	C_Pain posted... higher the r square (closer to 1/100%) the better the model fits your data What exactly does that mean? That the 2 items have a high level of price correlation? <cite>LordBalor4 posted [p:893102369] in Hey stats ... [t:76150189]...</cite> <quote><cite>C_Pain posted...</cite> <quote>higher the r square (closer to 1/100%) the better the model fits your data</quote> What exactly does that mean? That the 2 items have a high level of price correlation?</quote> ... Copied to Clipboard!
Sativa_Rose 12/29/17 11:57:02 PM #4:	This guy explains it so simply that even a caveman would understand r squared after watching this video https://www.youtube.com/watch?v=IMjrEeeDB-Y --- I may not go down in history, but I will go down on your sister. <cite>Sativa_Rose posted [p:893102382] in Hey stats ... [t:76150189]...</cite> <quote>This guy explains it so simply that even a caveman would understand r squared after watching this video https://www.youtube.com/watch?v=IMjrEeeDB-Y</quote> ... Copied to Clipboard!
Muffinz0rz 12/29/17 11:58:07 PM #5:	r-squared = r * r --- Not removing this until Pat Benatar is in Super Smash Bros. (Started 8/31/2010) FantaCE Football Squad: ELIMINATED. <cite>Muffinz0rz posted [p:893102422] in Hey stats ... [t:76150189]...</cite> <quote>r-squared = r * r</quote> ... Copied to Clipboard!
LordBalor4 12/30/17 12:08:36 AM #6:	Sativa_Rose posted... This guy explains it so simply that even a caveman would understand r squared after watching this video https://www.youtube.com/watch?v=IMjrEeeDB-Y thx, that was helpful. <cite>LordBalor4 posted [p:893102898] in Hey stats ... [t:76150189]...</cite> <quote><cite>Sativa_Rose posted...</cite> <quote>This guy explains it so simply that even a caveman would understand r squared after watching this video https://www.youtube.com/watch?v=IMjrEeeDB-Y</quote> thx, that was helpful.</quote> ... Copied to Clipboard!
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