When we take measurements of the same general type, a power law of the form y = ax often gives an excellent fit to the data. A lot of research has been conducted as to why power laws work so well in business, economics, biology, ecology, medicine, engineering, social science, and so on. Let us just say that if you do not have a good straight-line fit to data pairs (x, ý), and the scatter plot does not rise dramatically (as in exponential growth), then a power law is often a good choice. College algebra can-be used to show that power law models become linear when we apply logarithmic transformations to both variables. To see how this is done, please read on. Note: For power law models, we assume all x > 0 and all y > 0. Suppose we have data pairs (x, y) and we want to find constants a and ß such that y = ax is a good fit to the data. First, make the logarithmic transformations x' = log (x) and y' = log (y). Next, use the (x', y') data pairs and a calculator with linear.regression keys to obtain the least-squares equation y' = a + bx'. Note that the equation y' = a + bx' is the same as log %3D (y) = a + b(log (x)). If we raise both sides of this equation to the power 10 and use some college algebra, we get y = 10 (x)º. In other words, for the power law model y = ax, we have a = 10a and B = b. %3D %3D In the electronic design of a cell phone circuit, the buildup of electric current (Amps) is an important function of time (microseconds). Let x = time in microseconds and let y = Amps built up in the circuit at time x. 4 6. 8 10 1.81 2.9 3.2 3.68 4.11 (a) Make the logarithmic transformations x' = log (x) and y' = log (y). Then make a scatter plot of the (x', y') values. Does a linear equation seem to be a good fit to this plot? The transformed data does not fit a straight line well. The data seem to have a parabolic shape.
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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