The number of Master’s degrees granted at a particular university is given for selected years in the table below. Year 2005 2010 2015 2020 Number of Master’s Degrees 58 69 76 83 Use the linear regression equation for this data to predict the number of Master’s degrees that this university will grant in the year 2021. Blank 1. Calculate the answer by read surrounding text. Round to the nearest whole number of Master's degrees.
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.
The number of Master’s degrees granted at a particular university is given for selected years in the table below.
|
Year |
2005 |
2010 |
2015 |
2020 |
|
Number of Master’s Degrees |
58 |
69 |
76 |
83 |
Use the linear regression equation for this data to predict the number of Master’s degrees that this university will grant in the year 2021.
Blank 1. Calculate the answer by read surrounding text. Round to the nearest whole number of Master's degrees.
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