Chapter 13 Regression Flashcards
Overpredicted
Observed values of Y at given values of X that are below the predicted values of Y.
( i.e. the, values predicted by the regression equation)
Regression Coefficient
A measure of the relationship b/w each predictor varaible and the dependent variable in simple linear regression, this is also the slope of the regression line.
In multiple regression, the variance regression coefficients combine to create the slope of regression line.
Intercept
Point in which the regression line intersects the Y axis. Also, the value of Y when X = 0
Regression Line
The line that can be drawn through the scatter plot of the data that best “ fits” the data. ( i.e. minimizes the squared deviations b/w observed values and the regression line)
Residuals
Errors in prediction. The difference b/w observed and predicted values of Y.
Regression Equation
The components, including the regression coefficients intercept, error term, and X and Y values for Y the regression line.
Multiple Correlation Coefficient
A statistic measuring the strength of the association b/w multiple independent variables, as a group and dependent variable.
Multicollinearity
The degree of overlap among predictor variables in a multiple regression.
High multicollinearity among predictor variables can cause difficulties finding unique relations among predictors and dependant variables.
Independent, Predictor Variable
Aka: Independent Variable
Dependent, Outcome, Criterion Variable
Different terms for dependent variable
Error
Amount of difference b/w the predicted value and the observed value of the dependent variable. It is also the amt. of unexplained variance in a dependent variable,
Ordinary Least Squares ( OLS)
A common form of regression that uses the smallest sum of squared deviations to generate the regression line.
Observed value
The actual measured value of the Y variable of a given value of X
Multiple Regression
A regression model with more than one independent or predictor variable
Simple Linear Regression
The regression model employed when their is a single dependent and independent