84 diagrams liam gillick explained variance

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The Thought style meets the Tought Collective, Maureen Paley, London, UK
Liam Gillick. All-limited-Act, Stedelijk Museum and Holland festival, Amsterdam, The Netherlands
Liam Gillick 1 Rue Gabriel Tarde, Sarlat-La-Caneda, Dordogne, Galerie Micheline Szwajcer, Brussels, Belgium

2014
Liam Gillick. Esther Schipper, Berlin, Germany
Liam Gillick. 199A to 199B, Le Magasin, Grenoble, France
Liam Gillick. Complete Bin Development, Galerie Hans Mayer, Düsseldorf, Germany
Liam Gillick. Revenons à nos moutons, Esther Schipper, Berlin, Germany
Liam Gillick. From 199C to 199D, Magasin Centre national d’art contemporaine, Grenoble, France

2013
Liam Gillick. Taru Naso, Tokyo, Japan
Liam Gillick. Casey Kaplan, New York, USA
Liam Gillick. Margin Time 2 and Laguna Discussion Platform, Austin Museum of Art, Austin, USA
Liam Gillick. From Fredensborg to Halen via Loch Ruthven – Courtyard Housing Projections, HICA (Highland Institute of Contemporary Art), Loch Ruthven, Scotland
Liam Gillick. For the doors that are welded shut, Kerlin Gallery, Dublin, Ireland
Liam Gillick. Five Structures and a Shanty, Gallery IHN, Seoul, South Korea

2012
Liam Gillick. 199A – 199B, Hessel Museum of Art, Bard College, New York, USA
Liam Gillick. Scorpion or Felix, Galerie Eva Presenhuber, Zurich, Switzerland
Liam Gillick. Scorpion and und et Felix, Casey Kaplan, New York, USA
Liam Gillick. Margin Time, Maureen Paley, London, UK
Liam Gillick. Agreements, McNamara and Lead Times, Taro Nasu, Tokyo, Japan
Liam Gillick.

PalaisPopulaire, Berlin, Germany
Art+Climate=Change 2019, Potter Museum of Art, Melbourne, Australia
Fly me to the Moon.  Galleri Charlotte Lund, Stockholm, Sweden
Liam Gilllick Themagazineofthe4thofMarch, Galerie Schipper & Krome, Berlin, Germany
Liam Gillick. Consultation Filter, Westfälischer Kunstverein, Münster, Germany
Liam Gillick. Schmerz in einem Gebäude, Fig 1, London, UK
Liam Gillick. Woody, CCA Kitakyushu Project Gallery, Kitakyushu, Japan
Liam Gillick. Literally No Place, Air de Paris, Paris, France
Liam Gillick. Renovation Filter: recent past and near future, Arnolfini, Bristol, UK
Liam Gillick. Liam Gillick, Casey Kaplan Gallery, New York, USA

1999
Liam Gillick.

Realisations, The What If? Scenarios, Le Consortium, Dijon, France
Liam Gillick. Reclutamento!, Gallery Emi Fontana, Milan, Italy

1996
Liam Gillick. Erasmus is Late ‘versus’ The What If? Scenario, Schipper & Krome, Berlin, Germany
Liam Gillick. (Part 2), Kuenstlerhaus, Stuttgart, Germany
Liam Gillick. Ibuka!

House of Art, Cesce Budejovice, Czech Republic
Liam Gillick. How are you going to behave? Materie archeologiche / Archaeological Matters, Archaeological Park of Pompeii, Italy
Ballard in Albisola, Casa Jorn, Albisola , Italy
Catastrophe and Recovery, MMCA, Seoul, South Corea
Sculpture en fête!, Fondation Villa Datris, Isle-sur-la-Sorgue, France
Arcimboldo Face to Face, Centre Pompidou-Metz, France
x_minimal, Cassina Projects, Milan, Italy
Cinema le Klingon, Air de Paris, Paris, France
Ora et Legere (Pray and Read), Broumov Monastery, Czech Republic
Abstraction/Simulation, Centro de Arte Contemporáneo de Aínsa, Spain
En la casa de Marquès, Casa Museo Can Marquès, Esther Schipper, Berlin, Germany
Social Photography IX, carriage trade, New York, USA
Now or Never – 50 Years LBBW Collection, Stuttgart, Germany

2020
Schall und Rauch Die wilden Zwanziger, Kunsthaus Zürich, Zurich, Switzerland
Raid the Icebox Now with Adam Pendleton: The Heart of the Matter, The RISD Museum- University of Rhode Island, Providence, USA

2019
Shadowplay, Kerlin Gallery, Dublin, Ireland
So wie wir sind 1.0, Weserburg, Museum für moderne Kunst, Bremen, Germany
After Minimalism, Valletta Contemporary, Valletta, Malta
Gigantism.

Certainly not by painting it white, Institute of Visual Culture, Cambridge, UK
Perfidy, Kettles Yard, Cambridge, UK
More Shows About Buildings and Food, Lisbon, Portugal
Casa Ideal, Museo Alejandro Otero, Caracas, Venezuela
Que saurions-nous construire d’autre? Galerie Emi Fontana, Milan, Italy
Liam Gillick. Part Three, Basilico Fine Arts, New York, USA
Liam Gillick. Documents (with Henry Bond), Kunstverein Elsterpark, Leipzig, Germany

1994
Liam Gillick. McNamara, Schipper & Krome, Cologne, Germany
Liam Gillick. Documents, (with Henry Bond), Ars Futura, Zurich, Switzerland
Liam Gillick.

Interim Art, London, UK 

1993
Liam Gillick. Documents, (with Henry Bond), CCA Glasgow, UK
Liam Gillick. An Old Song and a New Drink, (with Angela Bulloch), Air de Paris, Paris, France

1992
Liam Gillick. McNamara, Hog Bikes and GRSSPR, Air de Paris, Nice, France

1991
Liam Gillick. Documents, (with Henry Bond), Karsten Schubert Ltd, London, UK
Liam Gillick. Documents, (with Henry Bond), APAC, Nevers, France
Liam Gillick. Documents, (with Henry Bond), Gio’ Marconi, Milan, Italy

1989
Liam Gillick. 84 Diagrams, Karsten Schubert Ltd, London, UK

Selected Group Exhibitions

2024
Further Away, 6th Mardin Biennal (up coming)
Survival in the 21st Century, Deichtorhallen, Hamburg (upcoming)
24/7: Work between meaning and imbalance, Kunsthaus Graz (upcoming)
No Ghost Just A Shell, Buk-Seoul Museum of Art, Seoul, Korea
Survival in the 21st Century, Deichtorhallen, Hamburg, Germany

2023
14th Shanghai Biennale: Cosmos Cinema, Shanghai, China
A Blank Posters Show, The Universidad Andrés Bello of Santiago in Chile

2022
LA PISTA 500, Pinacoteca Agnelli, Turin, Italy
COLOR AS PROGRAM, co-curated by Liam Gillick, Bundeskunsthalle Bonn, Bonn, Germany
Project, Palace, a centenary, Bozar, Centre for fine Arts, Brussels, Belgium

2021
Stoa169, Polling, Germany
Age of You, Jameel Arts Centre Dubai, United Arab Emirates
Mise en Scène, Shoot the Lobster, New York, USA
Crocodile Cradle, Peer, London, UK
Helga de Alvear Collection, Helga de Alvear Foundation Visual Arts Center, Cáceres, Spain
Collezione Ghigi, Museo Licini, Ascoli Piceno, Italy
Extended Minimalism 2.0, Galeria Javier Lopez & Fer Frances, Madrid, Spain
Pompeii Commitment.

Galleria Alfonso Artiaco, Naples, Italy

2011
Liam Gillick. Sit in the machine, Air de Paris, Paris, France
Liam Gillick. Sit on the machine, Galerie Micheline Szwajcer, Antwerp, Belgium
Liam Gillick. A Game of War Structure, Irish Museum of Modern Art, Dublin!  Nineteenfortysixxisytrofneetenin, Aspen Art Museum, Aspen, USA
Liam Gillick. Underground (Fragments of Future Histories), Galerie Micheline Szwajcer, Antwerpen, Belgium
Liam Gillick. (Rider): Law & Creativity (w/ Philippe Parreno), Lunds Konsthall, Lund, Sweden
Liam Gillick. Hills and trays and, Schipper & Krome, Berlin, Germany
Liam Gillick. Punctuated everydays, Galerie Max Hetzler, Holzmarktstrasse, Berlin, Germany
Liam Gillick. Por Favor Gracias de Nada (with Gabriel Kuri), Kurimanzutto, México City, Mexico
Liam Gillick. Exterior Days, Casey Kaplan, New York, USA
Liam Gillick.

Masterpieces from the Ishikawa collection, MO.CO. - A kitchen cat speaks, German Pavillion, La biennale di Venice – 53rd International Art Exhibition, Venice, Italia
Liam Gillick. Two Short Plays, Eastside Projects, Birmingham, UK

2008
Liam Gillick. Three Perspectives and a Short Scenario, Kunstverein München, Germany
Liam Gillick. Three Perspectives and a Short Scenario, Witte de With, Rotterdam, The Netherlands
Liam Gillick. Three Perspectives and a Short Scenario, Kunsthalle Zürich, Zurich, Switzerland
Liam Gillick. Fractional factories in the snow, Air de Paris, Paris, France
Liam Gillick. The State Itself Becomes A Super Whatnot, Casey Kaplan, New York, USA

2007
Liam Gillick. The State/Commune Itself as a Super State/Commune, Galerie Micheline Szwajcer, Antwerpen, Belgium
Liam Gillick. The Commune Itself Becomes A Super State, Corvi-Mora, London, UK
Liam Gillick. Weekend in So Show, The Lab at Belmar, Lakewood, USA
Liam Gillick. Monument to Charles Fourier, Musée de Beaux-Arts, Besançon, France

2006
Liam Gillick. The State Itself Becomes A Super Commune, Esther Schipper, Berlin, Germany
Liam Gillick. Literally Based On HZ, Kerlin Gallery, Dublin, Ireland
Liam Gillick. Briannnnn & Ferryyyyy (w/ Philippe Parreno), Kunsthalle Zürich, Zürich, Switzerland
Liam Gillick. We Are Medi(eval) (w/ Angela Bulloch), Cubitt Artists, London, UK 

2005
Liam Gillick. As you approach the edge of town the lights are no softer than they were in the centre, Casey Kaplan Gallery, New York, USA
Liam Gillick. Briannnnn & Ferryyyyy (w/ Philippe Parreno), Vamiali’s, Athens, Greece
Liam Gillick. Texte court sur la possibilité de créer une économie de l'équivalence, La Casa Encendida, Madrid, Spain
Liam Gillick. McNamara Motel, CAC Centro de Arte Contemporáneo, Malága, Spain
Liam Gillick. Fabriken im Schnee, Galerie Meyer Kainer, Wien, Austria
Liam Gillick. Presentism, Corvi-Mora, London, UK
Liam Gillick. Another 2004 Again, Baltimore Museum of Art, Baltimore, USA
Liam Gillick. M/M (Paris), Frankfurter Kunstverein, Frankfurt, Germany
Liam Gillick. Texte court sur la possibilité de creer une economie de l’equivalence, Palais de Tokyo, Paris, France
Liam Gillick. The Two Hundred and Twenty-Second Floor, Galerie Eva Presenhuber, Zurich, Switzerland

2004
Liam Gillick. Övningskörning (Driving Practice Parts 1-30), Milwaukee Art Museum, Milwaukee, USA
Liam Gillick. Construccion de Uno, Galeria Javier Lopez, Madrid, Spain
Liam Gillick. A Group of People, Air de Paris, Paris, France
Liam Gillick.

British Sculpture from the Tate Collection 1950 - Present. ANOVA: Used to compare the means of three or more independent groups.

2. L’emozione dei colori nell’arte, Castello di Rivoli Museo d’Arte Contemporanea, Rivoli; Galleria Civica d’Arte Moderna e Contemporanea,Turin, Italy
VARIABLE DIMENSIONS - ARTISTS AND ARCHITECTURE, MAAT | Museum of Art, Architecture and Technology, Lisboa, Portugal
LIKE A MOTH TO A FLAME, curated by Tom Eccles, Liam Gillick and Mark Rappolt, OGR in partnership with Fondazione Sandretto Re Rebaudengo, Turin, Italy
MIF17: New Order + Liam Gillick: So it goes.., Old Granada Studios, Castlefield, Manchester, UK
True Faith, Manchester Art Gallery, Manchester, UK
Schreibtischuhr, Galerie Meyer Kainer, Wien, Austria
Shanghai Project Part 2, Shanghai Himalayas Museum, Shanghai, China
99 Cents, Museum of Contemporary Art Detroit, USA
The Interior and The Carpet, Pacific Design Center, Los Angeles, USA
Park, (organized by Kerlin Gallery) Holly’s Gallery, Guangzhou, China
John Latham – A World View, Serpentine Gallery, London, UK
Arts Council 40th Anniversary Exhibition, Night at the Museum, The Attenborough Centre, Leicester, UK
FLATLAND / ABSTRACTIONS NARRATIVES #2, Mudam, Luxembourg
Du verbe à la communication, Le Carre d’art Nimes, Nimes, France
Elbphilharmonie Revisited, Deichtorhallen, Hamburg, Germany
Readymade, House Eva Presenhuber, Vna, Switzerland 

2016
Development, Okayama Art Summit 2016, Japan, curated by All Systems Go, Cooper Gallery, DJCAD, Dundee, Scotland, UK
Fluidity, Kunstverein in Hamburg, Hamburg, Germany
All Over, Galerie des Galaries, Paris, France
Expanded Fields, Nymphius Projekte, Berlin, Germany
Moving Image Department: Chapter 4th, The Rhetoric of Time, Revisited, National Gallery, Prague, Czech Republic
A Material Legacy: The Nancy A Nasher and David J Haemisegger Collection of Contemporary Art, Nasher Museum of Art at Duke University, Durham, UK
A History Contemporary Art from the Centre Pompidou, Haus der Kunst, Munich, Germany
Still (the) Barbarians, EVA International, Ireland’s Biennial, Limerick, Ireland, UK
Béton, Kunsthalle Wien Museumquartier, Wien, Austria
Invisible Adversaries, Hessel Museum of Art, Bard College, USA
Reading Context, The Collection Teaching Gallery, CCS Bard, USA
Arts Council 40th Anniversary Exhibition, Night at the Museum, Yorkshire Sculpture Park, UK
Shanghai Project, Shanghai Himalayas Museum, China
Yinchuan Biennale 2016, Museum of Contemporary Art Yinchuan, China
Re-Reading the Collection, CGAC, Santiago de Compostela, Spain
Moving Image Department, Chapter 5, National Gallery of Art, Prague, Czech Republic
If All Relationships Were to Reach Equilibrium, Then This Building Would Dissolve, MIMA, Middlesbrough, UK
Eric the King Fan Club, Colette, Paris, France
Fünfzig Zigarren für das Licht der Zukunft, Kunst im Schloss Untergröningen
Presently, neugerriemschneider, Berlin, Germany
140K, Kunstraum Ortloff, Leipzig, Germany
30th Anniversary Programme – The Peacock, Grazer Kunstverein, Austria
30th Anniversary, Galleria Alfonso Artiaco, Naples, Italy

2015
Adventures of the black square: Abstract art and society 1915-2015, Whitechapel Gallery, London, UK
British Art Show 8, Leeds Art Gallery, Leeds, UK
14th Istanbul Biennale, Istanbul, Turkey
10th Kaunas Biennial, Kaunas, Lithuania
6th Moscow Biennale, Moscow, Russia
In Girum Imus Nocte et Consumimur Igni, Museo Jumex, Mexico City, Mexico
Summer Show 2015, Royal Academy of the Arts, London, United Kingdom
Space Between, FLAG Art Foundation, New York, NY, USA
Ist Chapter: The Importance of Being a (Moving) Image, Prague National Gallery, Prague, Czech Republic
Works on Paper, Galerie Eva Presenhuber, Zurich, Switzerland
Not: The Art of Resistance, Manchester School of Art Holden Gallery, Manchester, UK

2014
Blue Times, Kunsthalle Wien Szalon, Logan Center, Chicago, USA
20+, SMAHK, Assen, The Netherlands
55th October Salon, Belgrade, Serbia
Helicotrema, Viafarini, Milan, Italy
Stillpass Collection with Exterior Concourse Diagram, collectorspace, Istanbul, Turkey
Petals on the Wind, Galerie Micheline Szwajcer, Brussels, Belgium
Beyond and Between, Leeum Samsung Museum of Art, Seoul, South Corea
Institute for Human Activities, Democratic Republic of Congo
Deep One Perfect Morning, Kerlin Gallery, Dublin, Ireland
A Machinery for Living, Organized by Walead Beshty, Petzel, New York, USA
Une Histoire, Art, Architecture, Design des années 1980 à nos jours, Centre Pompidou, Paris, France
Swiss Pavilion, 14th Architecture Biennale, Venice, Italy
Never Look Back when Leaving, Casey Kaplan, New York, USA
Der Leone have sept cabeças, CRAC Alsace, Altkirch, France
9 Artists, MIT List Visual Art Center, Cambridge, UK
The Decade 1984-1999, Centre Pompidou, Metz, France
Last News from the Ether, La Panacée, Montpellier, France
El Hotel Eléctrico, M_kha, Antwerp, Belgium
Monochrome & Readymades, L’Onde Théâtre Centre d’art, Velizy-Villacoublay, France

2013
Secret Codes (Códigos Secretos), Galerie Luisa Strina, Sao Paulo, Brazil
Absolut, White Flag Projects, St Louis, Mo, USA
Fading Nights, Gerhardsen Gerner, Berlin, Germany , Germany
Punctum: Fotographie zwischen Inszenierung und Dokumentation, Boltensternraum Baden Meyer Kainer, Viena, Austria
Capitalism Catch 22, Impakt Festival Utrecht, The Netherlands
CAC Malaga: Una Década, CAC Malaga, Spain
9 Artists, Walker Art Center, Minneapolis, USA
Nuit Blanche, Paris, France
To the Reader, BAK, Utrecht, The Netherlands
One foot in the real world, Irish Museum of Modern Art, Dublin, Ireland
British British Polish Polish, CCA Warsaw, Poland
Word+Work, Galerie Nachst St Stephan, Wien, Austria
Reading List: Artist’s Selections from the MoMA Library Collection, New York, USA
Abstract Nature, Parkett Austellungs-Raum, Zurich, Switzerland
Unknown Forces, Curated by Sunjung Kim, Tophane-i Amire Gallery, Mimar Sinan University, Istanbul, Turkey
Leichte Verstörung in den Fabriken, tête, Berlin, Germany
Secondary Stuctures, Francois Morellet, Olivier Mosset, Liam Gillick, Katja Strunz, Ruzicska, Salzburg, Austria
Contemporary Artists of the Donegal Diaspora, Regional Cultural Centre, Letterkenny
Draft Urbanism, The Biennale of the Americas, Denver, USA
Sommeraustellung, Esther Schipper, Berlin, Germany
7 Studies, Schellmann Furniture, Munich, Germany
Chinese Whispers: A Group Show on the loss of Control, Curabasement, RomeSalle d’attente III, Galerie Laurent Mueller, Paris, France
DLA Piper Series: Constellations, Tate Liverpool, UK
Striped: Gillick, Lefcourt, LeWitt, Pierson, Mitterand + Cramer, Geneve, Switzerland
Kunst Nach 45, Lenbachhaus, Munich, Germany
Poesia: Werke aus der Sammlung Reinking, Städtische Galerie Delmenhorst, Germany
Fired Earth, Herbert Gerisch Stiftung, Neumünster, Germany
The Lie and the Powerpoint, with Benoit Maire and Falke Pisano, Shanaynay, Paris, France
Endless Bummer/Still Bummin, Marlborough Chelsea, New York, USA
Neoplastic Room Open Composition, Museum Sztuki, Lodz, Poland
Edge Order Rupture, Gallery Lelong, New York, USA
The Twentieth Century as Never Seen Before, Museo di Santa Giulia, Brescia, Italy
Love in a Cold Climate, S1 Artspace, Sheffield, UK
Cross/Roads, Willie Birch and Liam Gillick, Bard CCS, New York, USA
Abstract Generation: Now in Print, MoMA, New York, USA
Another Time, Pestorius Sweeney House, Brisbane, Australia
Looking Back - The 7th White Columns Annual, selected by Richard Birkett, White Columns, New York, USA 

2012
Screens, Galerie Meyer Kainer, Wien, Austria
True Stories: Scripted Realities, Dunedin Public Art Gallery, New Zealand
The Mystery Spot, Fondation d’enterprise Ricard, Paris, France
The Feverish Library, Friedrich Petzel, New York, USA
Parque Industrial, Galeria Luisa Strina, Sao Paulo, Brazil
Where is the Power, Fort Worth Contemporary Arts, Texas, USA
True Stories: Scripted Realities, Te Tuhi Centre for the Arts, New Zealand
Decade: Contemporary Collecting 2002-2012, Albright Knox, Buffalo, USA
Various stages, Kunsthaus Dresden, Dresden, Germany
Sense and Sensibility, Euskadi, Spain
Skulpturen und Reliefs aus der Sammlung, Kunsthalle Weishaupt, Ulm, Germany
Take off your silver spurs and help me pass the time, Galerie Nikolaus Ruzicska, Salzburg, Austria
Group Exhibition, Kerlin Gallery, Dublin, Ireland
Air de Paris Summer Show, Art & Rapy, Monaco, Germany
Last Day, Cartel, London, UK
Looking Back for the Future, Kunsthalle, Zurich, Switzerland
Painting in Space, Luhring Augustine, New York, USA
Soundworks, ICA, London, UK
Wir treffen uns am Abend, Galerie Kamm, Berlin, Germany
Read, Look!

(site-specific work commissioned for IMMA), Ireland

2010
Liam Gillick. 1848!!!, Esther Schipper, Berlin, Germany
Liam Gillick. One long walk… Two short piers, Kunst- und Ausstellungshalle, Bonn, Germany
Liam Gillick. Seven Structures and a large Vodka Soda, Kerlin Gallery, Dublin, Ireland
Liam Gillick. Everything Good Goes, Meyer Kainer, Wien, Austria
Liam Gillick. Discussion Bench Platforms/A “Volvo” Bar + Everything Good Goes, Casey Kaplan, New York, USA

2009
Liam Gillick. Three perspectives and a short scenario, Museum of Contemporary Art, Chicago, USA
Liam Gillick. Executive Two Litre GXL, MAK – Museum für Angewandte Kunst, Wien, Austria
Liam Gillick.

Galeria Javier Lopez, Madrid, Spain
Liam Gillick. Raum Aktueller Kunst, Wien, Austria
Liam Gillick. The What If? Scenario, Robert Prime, London, UK
Liam Gillick. Documents (with Henry Bond), Schipper & Krome, Cologne, Germany 

1995
Liam Gillick. Ibuka! Robert Prime, London, UK
Liam Gillick. Révision: Liam Gillick, Villa Arson, Nice, France
Liam Gillick. When do we Need More Tractors?

Regression: Used to quantify the relationship between one or more predictor variables and a response variable.

The following examples show how to interpret residual variance in each of these methods.

Note: The opposite of explained variance is known as residual variance.

Explained Variance in ANOVA Models

Whenever we fit an ANOVA (“analysis of variance”) model, we end up with an ANOVA table that looks like the following:

The explained variance can be found in the SS (“sum of squares”) column for the Between Groups variation.

In the ANOVA model above we see that the explained variance is 192.2.

To determine if this explained variance is “high” we can calculate the mean sum of squared for within groups and mean sum of squared for between groups and find the ratio between the two, which results in the overall F-value in the ANOVA table.

• F = MS_between / MS_within
• F = 96.1 / 40.76296
• F = 2.357

The F-value in the ANOVA table above is 2.357 and the corresponding p-value is 0.113848.

Since this p-value is not less than α = .05, we do not have sufficient evidence to reject the null hypothesis of the ANOVA.

This means we don’t have sufficient evidence to say that the mean difference between the groups we’re comparing is significantly different.

This tells us that the explained variance in the ANOVA model is low relative to the unexplained variance.

Explained Variance in Regression Models

In a regression model, the explained variance is summarized by R-squared, often written R².

This value represents the proportion of the variance in the response variable that can be explained by the predictor variable(s) in the model.

The value for R-squared can range from 0 to where:

• A value of 0 indicates that the response variable cannot be explained by the predictor variable(s) at all.
• A value of 1 indicates that the response variable can be perfectly explained without error by the predictor variable(s).

When we fit a regression model, we typically end up with output that looks like the following:

We can see that the explained variance is 168.5976 and the total variance is 174.5.

Using these values, we can calculate the R-squared value for this regression model as:

• R-squared: SS Regression / SS Total
• R-squared: 168.5976 / 174.5
• R-squared: 0.966

Since the R-squared value for this model is close to 1, it tells us that the explained variance in the model is extremely high.

In other words, the model is able to do a good job of using the predictor variables to explain the variation in the response variable.

Related:What is a Good R-squared Value?