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