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How we describe bivariate data:
Context, Direction, Outliers, Form, Strength
Interpret slope of LSRL:
the PREDICTED y-context increases/decreases by slope for each additional x-context
Residual:
y-y^ (actual minus predicted)
Interpret r2:
___% of the variation in the response variable can be explained by the linear relationship (LSRL) with the explanatory variable