more regression

Question 1

Simple Linear Regression (SLR)

Answer 1

Regression analysis is a technique to estimate the statistical relationship between Y and X.

Question 2

Coefficient of Determination

Answer 2

coefficient of determination measures the proportion of variation that is explained by the independent variable in the regression model.

Question 3

Standard Error of the Regression Line

Answer 3

Also known as Standard Error of Estimate

This statistic is a measure of the variability of the actual Y values from the predicted y-values