Adjusted R-squared Value

Adjusted R-squared value is the modification of R-squared Value. In R-squared Value value, it always increases with adding a parameter in the Linear Regression. But it doesn't always mean that it has added a lot of value to the prediction. On the other hand, adjusted R-squared value increases only when the parameter is significant.

Adjusted R-Squred value

AdjustedΒ R2=1βˆ’(1βˆ’R2)(Nβˆ’1)Nβˆ’pβˆ’1

Here, N = number of instances, p = number of predictors


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