Terms in Linear Regression
This is just the part 1 of the assignment. Please let me know if you think you can do part 2 as well I can place another order for you :) thank you:
PART 1 will feature a short exercise on communicating complex statistical concepts using common and non-technical language. More details will be provided with the assignment document.
• PART 2 will require you to use the methods taught in lecture to perform a small data analysis and then present your results to a general audience.
• To submit your results for PART 2, you will be required to prepare a 5 minute presentation that you will need to record (using your computer, phone, etc.). You will be required to display your student-card alongside your face at the beginning of your video to verify your identity.
Terms in Linear Regression
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Terms in Linear Regression
Linear regression creates a relationship between two given variables. A conditional mean response of a variable is what linear regression estimates. In simple terms, linear regression enables one to find the line of the best fit for two variables. A person gets the line of the best fit by joining the majority of points that form a straight line from which an equation is derived. Consequently, the conditional mean response is the equation obtained through linear regression, which shows the relationship between two variables.
A confidence interval is used to measure the probability that a specific parameter will occur between a pair of values closer to the mean. In other words, it measures a sampling method’s degree of certainty or uncertainty. When it comes to the confidence interval for the conditional mean response, it underestimates unc...