statistical measures

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Sample Mind Map1

Szerző: Ashley Stotler

Macroeconomics - 2HH3 - Chapter 3

Szerző: Remek Debski

Techniques of mindom

Szerző: soha osman

Bivariate statistical measures of regression and correlation

Szerző: Angie Paola Montes Vasquez

statistical measures

Simple linear regression

predicts the value of a variable based on the given values

Bivariate statistical measures of regression

Analyzes the relationship of two or more continuous variables

allows us to change one of the variables called response and corresponds to another variable call explanatory

the regression

Positive correlation

when the dependent variable increases/decreases the independent variable increases/decreases

Negative correlation

when the independent variable increases, the dependent decreases

Bivariate statistical measures of correlation

correlation coefficients are numbers between +1 and -1

Indicates the relationship between a linear relationship and proportionality between two statistical variables

numerical measures for quantitative data.