Vocabulary for Bivariate Quiz Flashcards
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Correlation coefficient
r
Measures the strength and direction between two numerical variables.
LSRL
Least Squares Regression Line
the prediction for y = y-intercept + slope (x)
extrapolation
When the LSRL is used to make predictions outside the range of the x-values
slope
For every additional x, the amount of change predicted to occur in y.
y-intercept
The predicted y-value when x=0
Outlier
A point that is unusually far away from the rest of the data and does NOT follow the trend.
Leverage Point
A point that has an x-value that is far away from average.
Influential Point
A point that if removed will change the slope of the LSRL.
Residual
Actual value - Predicted value
R squared
Gives the percent of the variability in y that can be explained by the LSRL.
Standard deviation of the residuals
S
The average error OR the average distance the data points are from the LSRL.