Which of the following is the correct sequence of steps needed to create a linear regression model?

Question:

Which of the following is the correct sequence of steps needed to create a linear regression model?

a. Create scatter plot, calculate correlation coefficient, check for significance, create linear model

b. Create linear model, calculate correlation coefficient, check for significance, create scatter plot

c. Check for significance, create linear model, calculate correlation coefficient, create scatter plot

d. Create scatter plot, check for significance, create linear model, calculate correlation coefficient

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Finance

ISBN: 9798439388899

1st Edition

Authors: Julie Dahlquist, Rainford Knight

Question Posted: