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Regression Line
A line that describes how a response variable y changes as an explanatory variable x changes.
Interpreting Regression line (template)
Often used to predict the value of y for a given value of x.
Regression Line Equation
ŷ = a+bx OR ŷ = mx+b
Ŷ
The predicted value of the response variable y for a given value of the explanatory variable x.
Interpreting Ŷ given x
The predicted value of (response/dependent variable) when the (explanatory/indpendent variable) is (x-value) is (calculated y value)
b/m
Slope, the amount by which y is predicted to change when x increases by one unit.
Interpreting slope (template)
As x increases/decrease by n, y is predicted to increase/decrease by (slope).
a/b
y-intercept, the predicted value of y when x = 0.
Interpreting y-intercept (template)
It is predicted that when (response/dependent variable) is zero, (explanatory/independent variable) is (y-int).
Extrapolation
Using the regression equation to predict the response y-hat for a specific value or x that is outside the data range
Extrapolation interpretation (template)
___ should not be used to find a prediction because x-value + what x represents is a value larger/smaller than the given data set
Extrapolation description example
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Residual
The difference between an observed value of the response variable and the value predicted by the regression line
Residual Equation
Residual = actual y - predicted y
Interpreting Residuals (template)
Actual y (in context) for x value was residual value more/less than predicted y.