A sports blogger is looking to determine an equation that relates a professional football quarterback's salary with his passer rating, touchdowns thrown, the average number of wins per season, and the number of years the quarterback has been in the league. What is the correct format for a multiple regression equation? Select the correct answer below:
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.
A sports blogger is looking to determine an equation that relates a professional football quarterback's salary with his passer rating, touchdowns thrown, the average number of wins per season, and the number of years the quarterback has been in the league. What is the correct format for a multiple regression equation?
Select the correct answer below:
yˆ=b0+b1x1+b2x2+b3x3
yˆ=b1x1+b2x2+b3x3
yˆ=b0+b1x1+b2x2+b3x3+b4x4
yˆ=b0+b1x1+b2x2
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