For the following data set: x 3.9 6.1 4.6 3.7 1.8 3.3 3.4 y 4.2 4.7 5.7 4.5 9.6 5.2 4.3 Part 1 of 4 (a) Compute the least-squares regression line. Round the answers to at least four decimal places. Regression line equation: =y .
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.
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x
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3.9
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6.1
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4.6
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3.7
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1.8
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3.3
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3.4
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|---|---|---|---|---|---|---|---|
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y
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4.2
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4.7
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5.7
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4.5
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9.6
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5.2
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4.3
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(a) Compute the least-squares regression line. Round the answers to at least four decimal places.
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Regression line equation:
=y
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In order to obtain the regression line, first perform regression analysis on the data.
The software procedure is given below:
- Enter the values of X in column A and values of Y in column B.
- Select Data > Data Analysis >Regression> OK.
- Enter Input Y Range as B1:B8.
- Enter Input X Range as A1:A8.
- Click OK.
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