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Purpose. Coefficient of determination (R-squared) indicates the proportionate amount of variation in the response variable y explained by the independent variables X in the linear regression model. The larger the R-squared is, the more variability is explained by the linear regression model.
The Equation or Formula to find out the Coefficient of Variation is given below. Coefficient of Variation Cv = Standard Deviation / Mean. The standard deviation of data must always be understood in the context of the mean of the data therefore the coefficient of variation is useful.