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Flashcards covering correlation, scatterplots, Pearson's r, and regression analysis.
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What is a scatterplot?
A visual representation of the values of two variables on a case-by-case basis.
What does a linear association in a scatterplot represent?
A straight line relationship between the variables.
What is a positive or direct association?
Where the variables change in the same way; when one increases/decreases, the other does the same.
What is a negative or inverse association?
Where the variables change in opposite ways; when one goes up, the other comes down.
In measuring the strength of an association, what indicates a stronger association?
When the points in the plot are less dispersed.
What is a curvilinear association?
A scatter plot where the pattern of the plot is a curved line.
What is correlation analysis (Pearson's r)?
A measure of the strength and direction of association between two variables.
What is the range of the Pearson's r value?
-1.0 to +1.0
What does a positive r value indicate?
A positive or direct association exists.
What does a negative r value indicate?
A negative or indirect association exists
What does the magnitude of the correlation mean?
The closer the value gets to 1.0 (either +1.0 or -1.0), the stronger the association.
What is the coefficient of determination?
The amount of variation in one variable attributable to variation in the other variable; symbolized as r².
What is a regression line?
A line that best fits the points in a scatter plot, showing the patterns in the data.
What does the regression equation describe?
The least squares line.
What is the regression equation?
Y' = a + bX, where 'a' is where the line crosses the Y-axis, 'b' is the slope, and 'X' is a given value.
What is ordinary least squares (OLS)?
Ordinary least squares is a method for estimating the parameters in a linear regression model by minimizing the sum of the squared differences between the observed and predicted values.