Linear regression and Correlation Flashcards
it is a statistical data analysis technique to measure the relationship between one variable or more independent variables by using an equation, called a regression equation
Linear regression
It is the variability, regarded as the dependent or response variable
“y”
it is the variable that is used to denote the independent predictor or explanatory variable
“x”
Enumerate the 6 ways linear regression can be applied
Market Analysis
Financial Analysis
Sports analysis
Environmental health
Medicine
Trend lines
it is when there is only one dependent variable and one independent variable
Simple linear regression
it is a visual representation of the linear relationship between the two variables
scatter plot
it measures the strength of the relationship between two quantitative variables by using a single number, called a correlation coefficient
Correlation analysis
