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Let use assume that you are going to purchase a house you know that the more floor space you have the more the house is
Let use assume that you are going to purchase a house you know that the more floor space you have the more the house is going to cost. You decide to collect some data.
square feet
1400
1900
1900
2100
2250
1450
2300
3100
Price in kilo dollars
200
245
260
300
310
190
400
525
- Simple linear regression:Regression between one dependent variable and asingleindependent variable.
- This calculator might be of some help.
- https://www.socscistatistics.com/tests/regression/default.aspx(Links to an external site.)
We can say the data has a positive correlation but what does that mean?
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