STAT 1430 Lecture Notes - Lecture 6: Pearson Product-Moment Correlation Coefficient, Descriptive Statistics, Regression Analysis

221 views4 pages
Verified Note

Document Summary

Criteria for best line: smallest sse: sse= sum of the square for error, find the line with the smallest sse, from all the potential lines that go through the data, in the equation. , find the values of b0 and b1 that minimize sse: from this b0 and b1 you create the least squares regression line. Picture of minimizing sse: many possible lines, take the one with the smallest ( least ) sse. Coefficients of the least squares (best fitting) regression line: best line is. Y = b0 + b1x: best slope is = r * b1. Sy sx: here we need r, , best y-intercept is b0 = y b1 x, here we need , after. X y b1 is computed, only to 5 numbers find best fit. Find the coefficients using descriptive statistics: football data: descriptive statistics: temperature, coffees. 12174: correlations: temperature, coffees, pearson correlation of temperature and coffees = r = -0. 741, p-value = 0. 000.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related textbook solutions

Related Documents