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The coefficient of determination, usually symbolized by $R^2$, is the proportion of the total response variance explained by a regression model. Can also be used for various pseudo R-squared proposed, for instance for logistic regression (and other models.)

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R-Squared for trends

I am currently working on a problem of time series forecasting where I want to evaluate a model's predictions based on how accurately it captures the trend with respect to the absolute values as oppos …
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