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The value of R square would not decrease when more variables are added to the model. As a result, there is always a temptation to add more variables in the model, because of which problem can arise therefore in that case Adjusted R2 is used as a measure.
Values between 0.7 and 1.0 (-0.7 and -1.0) indicate a strong positive (negative) linear relationship via a firm linear rule. The value of r squared is typically taken as âthe percent of variation in one variable explained by the other variable,â or âthe percent of variation shared between the two variables.â.