When calculating a regression, what is your final product? What do different com
ID: 3362967 • Letter: W
Question
When calculating a regression, what is your final product?What do different components of the regression equation indicate? How do these relate to the regression line?
When is regression used?
Regression is a special type of what?
When calculating a regression, what is your final product?
What do different components of the regression equation indicate? How do these relate to the regression line?
When is regression used?
Regression is a special type of what?
When calculating a regression, what is your final product?
What do different components of the regression equation indicate? How do these relate to the regression line?
When is regression used?
Regression is a special type of what?
What do different components of the regression equation indicate? How do these relate to the regression line?
When is regression used?
Regression is a special type of what?
Explanation / Answer
When calculating a regression we are trying to find the relation between the independent and dependent variables
Hence finally we get a equation which can be used to determine or predict the values of variables under consideration
The different components of the regression equation indicate the various factors that affect the variable under consideration
For example if we have a equation like Y=1.2 X1
We can see from the above equation that a unit change in factor X1 causes 1.2 times change in Y
So using regression equation we can estimate the value of change in the diffrent variables
Regression is used when we are trying to establish relationship between various variables using the given data. specifically in estimations and forecasting
Regression is a special type of Linear Equations which tries to define the model of the equation using independent and dependent variables.
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