Unformatted text preview: α vs. p Alpha is the cut off determined for p (.05= take a 5% of being wrong) P value is based on the number calculated Choose the smallest p value – least likely to be wrongcoefficient will be closer to +1 or 1closest to correlation lineeliminated most errorcompare actual to predicted (tests if the prediction is good)which one is closer? – less error SS predicted : how spread out the scores would be based on the regression line...
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 Spring '10
 VANDELLEN
 Forecasting, Regression Analysis, positive correlation, better predictor, correlation line

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