Discuss Predicted Values and R-Squared in Regression.

Predicted Values and R-Squared in RegressionRegression models are commonly used to generate predicted values of an outcome. For this discussion:•Summarize your understanding of the statistical concepts of predicted value and R-squared for a linear regression model, including the meaning and interpretation.•Give two examples of these concepts applied to a health care decision in a professional setting, and discuss practical, administration-related implications.