In linear analysis, what is meant by the "best fitting" or "least squares" line? Choices: A: of all possible lines, the line with the steepest slope B. The line that minimizes the differences between the actual values of y and the predicted values of y C. of all possible lines, the line with the flattest slope D. the line that minimizes the differences between actual values of y and the mean value of 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.
In linear analysis, what is meant by the "best fitting" or "least squares" line?
Choices:
A: of all possible lines, the line with the steepest slope
B. The line that minimizes the differences between the actual values of y and the predicted values of y
C. of all possible lines, the line with the flattest slope
D. the line that minimizes the differences between actual values of y and the mean value of y
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