A manufacturing firm has developed a skills test, the scores from which can be used to predict workers' production rating factors. (data attached) a. Using POM for Windows' least squares-linear regression module, develop a relationship to forecast production ratings from test scores (round to 3 dec points and use negative signs when necessary) Y = __ + __X where Y=Production rating and X=Test score b. If a worker's test score was 51, what would be your forecast of the worker's production rating? ___ (Enter your response as an integer.) c. Comment on the strength of the relationship between the test scores and production ratings. The coefficient of correlation for the least-squares regression model is ___ and the coefficient of determination is ___. (round to 3 dec places.)
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
(round to 3 dec places.)
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images