In a study of the causes of bearing wear, a machine was run 24 times, with various loads (denoted x1), oil viscosities (x2), and ambient temperatures (x3). The wear, denoted y, was modeled as y = β0 + β1x1 + β2x2 + β3x3 + ε. When this model was fit to the data, the sum of squares for error was SSE = 9.37. Then the reduced model y = β0 + β1x1 + β2x2 + β3x3 was fit, and the sum of squares for error was SSE = 27.49. Is it reasonable to use the reduced model, rather than the model containing all the interactions, to predict wear? Explain.
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.
In a study of the causes of bearing wear, a machine was run 24 times, with various loads (denoted x1), oil viscosities (x2), and ambient temperatures (x3). The wear, denoted y, was modeled as y = β0 + β1x1 + β2x2 + β3x3 + ε. When this model was fit to the data, the sum of squares for error was SSE = 9.37. Then the reduced model y = β0 + β1x1 + β2x2 + β3x3 was fit, and the sum of squares for error was SSE = 27.49. Is it reasonable to use the reduced model, rather than the model containing all the interactions, to predict wear? Explain.
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