Please fill the table below with any values of your choice and use excel to analyze the data below: X 91 ...... 28 72 60 81 ...... 96 ...... ...... Y 193 73 16 ...... 99 ...... 169 ...... ...... 106 Compute the regression coefficients a & b for the above data Determine the regression equation Compute the Standard Error of Estimate, [Sy.x] Compute the ANOVA Table Compute the descript statistics for X and Y Compute Correlation Coefficient, please interpret your answer
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.
Please fill the table below with any values of your choice and use excel to analyze the data below:
|
X |
91 |
...... |
28 |
72 |
60 |
81 |
...... |
96 |
...... |
...... |
|
Y |
193 |
73 |
16 |
...... |
99 |
...... |
169 |
...... |
...... |
106
|
- Compute the regression coefficients a & b for the above data
- Determine the regression equation
- Compute the Standard Error of Estimate, [Sy.x]
- Compute the ANOVA Table
- Compute the
descript statistics for X and Y - Compute
Correlation Coefficient , please interpret your answer
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