Answer :
The statistical value describes a regression line fits the data points:
R-squared
What is Statistical Value?
When it is extremely unlikely that an observed event occurred by accident, it is deemed statistically significant. An observed event is considered statistically significant when its p-value is less than a certain cutoff, or level of significance.
The statistical value describes a regression line fits the data points is
R-squared
The statistical indicator of how closely the data resemble the fitted regression line is called R-squared. For multiple regression, it is sometimes referred to as the coefficient of determination or the coefficient of multiple determination.
R-squared = Explained variation / Total variation
R-squared is always between 0 and 100%
The better the model matches your data, in general, the greater the R-squared.
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