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What Is the Interpretation of the R2 Value Given in Regression

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What is the interpretation of the R2 value given in regression output?


Definitions:

Productivity

The measure of the efficiency of production, often quantified as the ratio of output to inputs in the production process.

Stability

The quality of being steady, consistent, and relatively unchanging over time.

World's Oldest Shoe

An archaeological find that represents the earliest known footwear, dating back to around 5500 B.C., discovered in the Areni-1 cave in Armenia.

Armenia

A landlocked country located in the South Caucasus region of Eurasia, known for its rich history, cultural heritage, and as one of the earliest Christian civilizations.

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