Chapter 3 Flashcards
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Linear Regression Predicts
value of a variable based on the value of another variable
How do you know your dealing with linear regression?
- Outcome variable
- Predictor variable
multiple regression
two or more predictor variables
Linear Equation
Y = bX+a
In linear equations,
X and y are variables
a and b are fixed constants
The regression analysis in a linear equation is how we get
a and b are fixed constants
In a linear equation, b is
the slope- how much Y changes when X is increased by 1 point.
In a linear equation, a is
the Y-intercept- determines the value of Y when X = 0.
Regression is
a method of finding an equation describing the best-fitting line for a set of data.
The best fit line for the actual data is one that
minimizes prediction errors
y-hat is
value of Y predicted by regression equations
(Y- Y hat) is
Error of prediction
(Y- Y hat) is a method called
the least-squared-error solution
Using Regression for Prediction
be cautious when interpreting predicted values
When using Regression for prediction
do not use the regression equation to make predictions outside the existing range of X values
When it comes to using regression for prediction, you can only
predict within existing range of X values. The regression equation may change outside the existing range of X values
To test the regression significance, you use
Analysis of regression
Analysis of Regression
H0: the slope of the regression line (b) is zero
H1: at least one predictor has a slope (b) significantly different from zero.
Anova table tells you if regression equation (model) is significant.
Multiple Regression Assumptions
- Must be a linear relationship between two variables
- Homoscedasticity
- Residuals (errors) of the regression line approximately normally distributed
- No multicollinearity
To check for linear relationship with
scatter plot matrix
Graphs with scatter plot matrix
legacy
Dialogs with scatter plot matrix
scatter/dot…
Interpreting results for a multiple linear regression is to report
- Type of test (multiple linear regression)
- Predictor & Outcome variables
regression line equation - whether the model was ststistically significant (report F-test/ANOVA)
- Which predictors were significant (slope/beta/B)
- R^2
Linear Regression is the setup after correlation that
Predict value of a variable based on the value of another variable
- Outcome variable
- Predictor variable
Uses the equation
Multiple Regression