In: Statistics and Probability
The Chart below shows the predicted value of a model and the observed variable Y from the data.
Actual Y | Predicted Y |
13 | 10 |
5 | 8 |
4 | 7 |
15 | 12 |
21 | 23 |
8 | 3 |
What is the total variation for the data? What does it measure? (1)
What is the unexplained variation for this dataset? Please explain what the unexplained variation measures. (2)
What is the explained variation for the dataset? What does the explained variation tell about the model? (2)
What Is the R-Square statistic tell us about the model? What is the R-Square for the model? (2)
What is the standard deviation of the models predictions? (3)