Home > Term: regression coefficient
regression coefficient
A quantification of the degree of 'goodness' of fit of a regression line to a data set. A value of 0. 5 represents random data with no dependence, and a coefficient of 1. 0 represents a perfect fit with absolute dependence.
- Part of Speech: noun
- Industry/Domain: Oil & gas
- Category: Oilfield
- Company: Schlumberger
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Creator
- BSchmidt
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