Multiple Regressions - L1 Flashcards
What is a correlation?
An association or dependency between two independently observed variables
What diagram would we use for a correlation?
Scatter plot ( each data point is a single subject)
What is the score associated with the analysis of correlation called?
Pearson correlation coefficient.
What would the PCC be when x and y are completely independent of eachother?
0.0
What would the PCC be when x and y are identical?
1.0
What would the PCC be when x and y are completely inverse?
-1.0
What PCC score are we looking for?
1.0, the more similar the values of variables x and y are, the greater the covariance!
What is Partial Correlation?
Partial correlation is a measure of the strength and direction of a linear relationship between two continuous variables whilst controlling for the effect of one or more other continuous variables
What diagram would we use for a Partial correlation?
When information from different variables is overlapping, we can visualise this problem as a Venn diagram
What does each circle represent in a partial correlation venn diagram?
Size of circle represents the variance of variable
Overlap of circles represents a correlation between variables
What is the main difference between multiple linear regression and correlation?
it describes the relationship between one or more predictor variables (X,X2, etc) and a single criterion variable (Y)
What is the regression equation?
Y= ax +b, where a is the slope and b is the y- intercept.
What is prediction error E?
the difference between the actual values Y and the predicted value Y (with a squiggle on top)
E = Y - Y(squiggle)
What is our objective with a regression model?
Our objective is to find the best fit between the model and the observations, by adjusting the values of B, until the prediction error is minimised.
How would you assess the Goodness of fit of a regression model? (all three)
Multiple correlation coefficient ®
Coefficient of Determination (R2)
F-ratio