Coefficient of Determination Definition and Explanation PDF | Download eBooks
Learn Coefficient of Determination definition in supply chain management with explanation to study “What is Coefficient of determination”. Study coefficient of determination explanation with SCM terms to review supply chain management course for online MBA programs.
Coefficient of Determination Definition:
A measure of the amount of variation in the dependent variable about its mean that is explained by the regression equation.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Coefficient of Determination Explanation:
In statistical analysis the coefficient of correlation is used to measure how well the model explains and predict the outcomes for future. It is also known as R-squared because it is considered as the guideline to measure the model's accuracy. It also explains the affect of one variable on other.
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