Chapter 4: Correlation Flashcards

1
Q

What is bivariate data?

A

Bivariate data is data which has pairs of values for two variables.

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2
Q

What is a least squares regression line?

A

A least squares regression line is a straight line that minimises the sum of the squares of the distances of each data point from the line.

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3
Q

What does the coefficient b show in a regression line with equation y = a + bx?

A

The coefficient b tells you the change in y for each unit change in x.

  • If the data is positively correlated, b will be positive.
  • If the data is negatively correlated, b will be negative.
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4
Q

What are the limitations of predictions using the regression line from a set of bivariate data.

A
  • It can only be used to make a prediction for the value of the dependent variable from the independent variable.
  • You should only interpolate the data.
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