Experimental Design & Practices 1 (Linear Regression) Flashcards
What does the line of best fit mean?
-Best fit means difference between the actual y values and the predicted y values (values of the fitted line) is a minimum
-Positive differences off-set negative ones
What technique would you use to minimise error
-To minimise error use the Least Square Technique. You square the difference of the y values and find the sum of all the squared differences up to the nth term.
R^2 is a measure of what
-R^2 is a measure of the quality of the fit to the data, the closer it is to 1 the better. It has a specific equation (1- a fraction of 2 sums)
-R^2 is not the only measure of quality
To create a graph with a linear regression line…
highlight your values in your table, click insert and select scatter plot, right click on a data point, choose trend line and add R^2 value.
Click data analysis, choose regression, this will include standard error.
Standard error is a measure of…
Standard error is a measure of dispersion of the sampling distribution for specific coefficient, very similar to standard deviation. It can be used to work out the T statistic