How Much Variance Does the Line Explain
Five observations $(x, y)$ are: (0, 1), (1, 3), (2, 2), (3, 6), (4, 3). Fit the least-squares line of $y$ on $x$. What is the coefficient of determination $R^2$? Give it as a reduced fraction.
Related problems & prerequisites
Worth solving first
Source: Original exercise written for AxiomIQ.