chap13 - 13- 1Chapter ThirteenLinear Regression and...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 13- 1Chapter ThirteenLinear Regression and CorrelationLinear Regression and CorrelationGOALSONEUnderstand and interpret the terms dependentvariable and independent variable.TWOCalculate and interpret the coefficient of correlation, the coefficient of determinationTHREECalculate the least squares regression line and interpret the slope and intercept values.Goals13- 2Correlation AnalysisCorrelation AnalysisCorrelation Analysisis a group of statistical techniques to measure the association between two variables.A Scatter DiagramScatter Diagramis a chart that portrays the relationship between two variables.Advertising Minutes and $ Sales510152025307090110130150170190Advertising MinutesSales ($thousands)13- 3Correlation AnalysisThe Independent Independent VariableVariableprovides the basis for estimation. It is the predictor variable.Calories consumedCorrelation AnalysisCorrelation Analysisis a group of statistical techniques to measure the association between two variables.The Dependent Dependent VariableVariableis the variable being predicted or estimated....
View Full Document

Page1 / 16

chap13 - 13- 1Chapter ThirteenLinear Regression and...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online