Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed lemon/crash data, where lemon imports are in metric tons and the fatality rates are per 100,000 people, find the best predicted crash fatality rate for a year in which there are 525 metric tons of lemon imports. Is the prediction worthwhile? Lemon Imports 229 261 359 490 530 Crash Fatality Rate 16 15.8 15.5 15.4 15 Find the equation of the regression line.
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.
|
Lemon Imports
|
229
|
261
|
359
|
490
|
530
|
|
|---|---|---|---|---|---|---|
|
Crash Fatality Rate
|
16
|
15.8
|
15.5
|
15.4
|
15
|
|
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