The coefficient of determination, denoted as $$r^2$$, is a statistical measure that indicates the proportion of the variance in the dependent variable that can be explained by the independent variable(s) in a regression model. It ranges from 0 to 1, where a value closer to 1 implies a better fit of the model to the data, indicating that a large proportion of the variability in the response variable is accounted for by the predictor variables. This concept is crucial in evaluating models, especially in fields like quantum machine learning where understanding relationships within quantum chemistry data is vital.
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