R² II: What should you use to measure Goodness-of-Fit?
In the first part of this series, we investigated the use of the coefficient of determination—R2—to measure goodness-of-fit. Specifically, we showed that it is an inadequate tool: a low R2 does not always mean a poor model fit; a high R2 does not always mean a good model fit; and it doesn’t even measure the…

