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Assumptions underlying linear regression - PowerPoint PPT Presentation

Dr. Ka-fu Wong

Dr. Ka-fu Wong

Dr. Ka-fu Wong. ECON1003 Analysis of Economic Data. Chapter Thirteen. Linear Regression and Correlation. GOALS. Draw a scatter diagram. Understand and interpret the terms dependent variable and independent variable.

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903 views • 74 slides
Lesson 11:

Lesson 11:

Lesson 11:. Linear Regression and Correlation. Outline. Correlation Analysis. Correlation Analysis is a group of statistical techniques used to measure the strength of the association between two variables.

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723 views • 70 slides
Linear Regression and Correlation

Linear Regression and Correlation

Linear Regression and Correlation. Chapter 13. GOALS. Understand and interpret the terms dependent and independent variable. Calculate and interpret the coefficient of correlation, the coefficient of determination, and the standard error of estimate.

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802 views • 56 slides
Linear Regression and Correlation

Linear Regression and Correlation

Linear Regression and Correlation. Chapter 13. GOALS. Understand and interpret the terms dependent and independent variable. Calculate and interpret the coefficient of correlation, the coefficient of determination, and the standard error of estimate.

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393 views • 35 slides
Simple Linear Regression

Simple Linear Regression

Simple Linear Regression. Correlation indicates the magnitude and direction of the linear relationship between two variables. Linear Regression: variable Y (criterion) is predicted by variable X (predictor) using a linear equation. Advantages:

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450 views • 27 slides

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