Hello Everyone!!
im looking for the what should be the threshold value for performance criteria such as coefficient of correlation, Nash coeff. p value, error, etc..
i understand i cannot put all the criteria on a single class but im wondering how one should decide the threshold for model to be best.
for the many modelling i have seen 0.3 R^2 was considered to be best. but there should be i feel criteria to the performance measuring criteria to be evaluated for depicting the best.
i have read R^2>= 2/sqrt(n) should justify the linearity in the predictors and predictant.
stil looking for the best rule to say best or worst.
thank you.