Simple Regression Flashcards
(5 cards)
Bivariate regresion just means…
there’s 2 variables (with Y as dependent and X as independent)
2 things simple regression allow us to do
- To use graphical representations of regression analysis
2. Show relationship between correlation and regression
What is the most probable source of error in a regression
Missing variables
What does the Sum of Squared residuals give us?
the size of the residual
Ordinary Least Squares gives us…
the estimates of residuals