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Regression
Predict an output
How does Regression differ from Correlation? (correlation)
quantifies the strength of the linear relationship
How does Regression differ from Correlation? (regression)
Expresses the relationship in the form of an equation.
Finding a linear regression line equation
y = mx + b
What is a requirement regarding the number of variables in linear regression?
Requires 2 or more scalar variables
What types of variables are involved in linear regression?
Dependent variable and one or more Independent variables
What type of relationship does linear regression assume between variables?
Linear relationship
What is the homoscedasticity assumption in linear regression?
The data must be homoscedastic
Homoskedasticity
the variance of the error term is constant
heteroskedastic
Graph gets wider the more time goes on
Linear Regression Output (R)
correlation of model output
R^2
coefficient of determination
Adjusted R2
independent variables and the sample size
Std. Err. of the Estimate
A measure of how accurately the model predicts the dependent variable
ANOVA tells us
the independent variables overall predict the dependent
Unstandard B
the unit change in the dependent per unit change in the independent
Beta
tells you how strongly this variable predicts the dependent
t & sig
if the variable was a significant predictor of the dependent