Chapter 13 Flashcards
A group of techniques to measure the relationship between two variables
Correlation analysis
The variable that is being predicted or estimated
dependent variable
The dependent variable is measured on which axis
Y-axis
A measure of strength of the linear relationship between two variables of interval or ratio scale
Correlation coefficient
6 characteristics of a correlation coefficient
- Designated with letter r
- Between -1 and 1
- Shows direction and strength of linear relationship between two variables
- Closer to 0 means less of a correlation
- Near 1 shows strong correlation
- near -1 shows strong correlation
an equation that expresses the linear relationship between two variables
Regression equation
A mathematical procedure that uses the data to position a line with the objective of minimizing the sum of the squares of the vertical distances between the actual y-values and the predicted values of y.
Least squares principle
What is the symbol y hat
The estimated y value for a given x
What is the y hat formula for linear regression equation
y hat = a+bx
The difference between the actual y values and the predicted y values, known as the error values
Residuals
A measure of dispersion, or scatter, of the observed values around the line of regression for a given value of x
Standard error of estimate
What does a small standard error mean
The data is close to the regression line
Predicted Y will have small error
The proportion of the total variation in the dependent variable Y that is explained by the variation in x
The coefficient of determination
Assumptions for linear regression
- Corresponding y values are normally distributed
- The means of the distributions lie on the regression line
- The standard deviations are the same.
- Y values are statistically independent
If the standard error of estimate is large, what would you expect for the coefficient of determination
It would be small
Is used when the regression equation is used to predict the mean value of Y for a given value of X
Confidence interval
Is used when the regression equation is used to predict an individual y for a given value of x
Prediction interval