Regression Terminology. Explain the following as they relate to linear regression and correlation analysis: (also show equation

Question:

Regression Terminology.

Explain the following as they relate to linear regression and correlation analysis: (also show equation where appropriate).

Required:

The method of least squares.

The slope of the simple linear model.

The variance (the random error) of the regression equation.

The coefficient of correlation between y and x.

csR SO The reduction in variance obtained by using the linear regression model.

LO.1

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