The proportion of the variance of the dependent variable which is explained by the model used to fit the data. For a set of data {xi, yi}, 1 ≤ i≤n, if ŷi is the value of y predicted by the model when x = xi, then the unexplained variance after fitting the model is and the total variance is . The explained variance is total variance-unexplained variance. When a linear model is fitted (by the least squares line of regression), the coefficient of is the square of the correlation coefficient.