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	<title>Comments on: The 2007 e-readiness rankings: comments and critiques</title>
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		<title>By: Ismael Peña-López</title>
		<link>http://ictlogy.net/20070502-the-2007-e-readiness-rankings-comments-and-critiques/comment-page-1/#comment-87383</link>
		<dc:creator>Ismael Peña-López</dc:creator>
		<pubDate>Wed, 03 Dec 2008 15:05:58 +0000</pubDate>
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		<description>One year and a half later, I have to admit that Phillippa was absolutely right and I was completely wrong.

Sorry to have been so slow to see it.</description>
		<content:encoded><![CDATA[<p>One year and a half later, I have to admit that Phillippa was absolutely right and I was completely wrong.</p>
<p>Sorry to have been so slow to see it.</p>
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		<title>By: Ismael Peña-López</title>
		<link>http://ictlogy.net/20070502-the-2007-e-readiness-rankings-comments-and-critiques/comment-page-1/#comment-28785</link>
		<dc:creator>Ismael Peña-López</dc:creator>
		<pubDate>Mon, 16 Jul 2007 20:49:54 +0000</pubDate>
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		<description>Dear Phillippa,

Thanks for the point, but I actually meant to use the R&lt;sup&gt;2&lt;/sup&gt; in the first figure and the Beta in the second one. Of course, the explanation is not technically accurate: I just wanted to give a faint idea on how both indices try to explain the same thing.

In other words: if when doing a regression among the NRI and the EUI we got R&lt;sup&gt;2&lt;/sup&gt; = 1, we could then (more or less) state that they both explain exactly the same thing.

I know I should be more &quot;formal&quot; in my explanations, but I try to keep things simple :)</description>
		<content:encoded><![CDATA[<p>Dear Phillippa,</p>
<p>Thanks for the point, but I actually meant to use the R<sup>2</sup> in the first figure and the Beta in the second one. Of course, the explanation is not technically accurate: I just wanted to give a faint idea on how both indices try to explain the same thing.</p>
<p>In other words: if when doing a regression among the NRI and the EUI we got R<sup>2</sup> = 1, we could then (more or less) state that they both explain exactly the same thing.</p>
<p>I know I should be more &#8220;formal&#8221; in my explanations, but I try to keep things simple :)</p>
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		<title>By: Phillippa Biggs</title>
		<link>http://ictlogy.net/20070502-the-2007-e-readiness-rankings-comments-and-critiques/comment-page-1/#comment-28720</link>
		<dc:creator>Phillippa Biggs</dc:creator>
		<pubDate>Mon, 16 Jul 2007 14:47:52 +0000</pubDate>
		<guid isPermaLink="false">http://ictlogy.net/20070502-the-2007-e-readiness-rankings-comments-and-critiques/#comment-28720</guid>
		<description>I am not sure you are plotting the wrong regression coefficient!  The R2 coefficient or COEFFICIENT OF DETERMINATION only ever explains the amount of variation explained by your model or fraction of the variance in yi  that is accounted for by a linear fit of xi  to yi (see for example http://en.wikipedia.org/wiki/Coefficient_of_determination).  What you need is the CORRELATION COEFFICIENT or Beta that explains the degree of relationship between two variables (but does not imply that this relationship is causal).  See http://en.wikipedia.org/wiki/Correlation_coefficient

My best wishes, Phillippa Biggs</description>
		<content:encoded><![CDATA[<p>I am not sure you are plotting the wrong regression coefficient!  The R2 coefficient or COEFFICIENT OF DETERMINATION only ever explains the amount of variation explained by your model or fraction of the variance in yi  that is accounted for by a linear fit of xi  to yi (see for example <a href="http://en.wikipedia.org/wiki/Coefficient_of_determination" rel="nofollow">http://en.wikipedia.org/wiki/Coefficient_of_determination</a>).  What you need is the CORRELATION COEFFICIENT or Beta that explains the degree of relationship between two variables (but does not imply that this relationship is causal).  See <a href="http://en.wikipedia.org/wiki/Correlation_coefficient" rel="nofollow">http://en.wikipedia.org/wiki/Correlation_coefficient</a></p>
<p>My best wishes, Phillippa Biggs</p>
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