Tag: Squared

Why is Mean Squared Error (MSE) So Popular?

As a recovering statistician, I’ll be the first to tell you that my people are a painfully literal-minded bunch. Where AI folk favor more sci-fi-flavored names, stats folk love things to do exactly what it says on the tin… and nowhere is this attitude more in-your-face than po...

R Squared Revealed: Unlock the Secret Weapon of Statistical Analysis!

When you dive into the world of statistical analysis, you’ll quickly encounter R squared, a term that might seem baffling at first. It’s a measure that tells us how well the observed outcomes are replicated by the model, based on the proportion of total variation of outcomes explained by...