Based on the results of the overall F-test, is at least one of the predictors statistically significant in predicting the number of wins in the season?
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.
Based on the results of the overall F-test, is at least one of the predictors statistically significant in predicting the number of wins in the season?
![OLS Regression Results
Dep. Variable:
Model:
R-squared:
Adj. R-squared:
F-statistic:
total_wins
0.876
OLS
0.876
Method:
Least Squares
1449.
Prob (F-statistic):
Log-Likelihood:
Date:
Mon, 01 Mar 2021
5.03e-278
Time:
04:07:29
-1819.8
No. Observations:
Df Residuals:
618
AIC:
3648.
614
BIC:
3665.
Df Model:
3
Covariance Type:
nonrobust
coef
std err
P>|t|
[0.025
0.975]
9.252
Intercept
avg_pts
avg_elo_n
avg_pts_differential
-35.8921
-3.879
0.000
-54.062
-17.723
0.2406
0.043
5.657
0.000
0.157
0.324
0.0348
Θ.005
6.421
0.000
0.024
0.045
1.7621
0.127
13.928
0.000
1.514
2.011
Omnibus:
181.805
Durbin-Watson:
0.975
Jarque-Bera (JB):
Prob(JB):
Prob(Omnibus):
Θ.000
506.551
Skew:
-1.452
1.01e-110
Kurtosis:
6.352
Cond. No.
7.51e+04
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