Simple linear regression and correlation
5 important questions on Simple linear regression and correlation
How do you call an equation which contains a random term, or error variable, to account for the fact that the dependent variable may not be completely predictable from the values of the dependent variables?
What is also called the simple linear regression model, this is a regression equation with only one independent variable?
How do you call the difference between the predicted value of the dependent variable and its actual value?
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How do you call the sum of squared differences between the actual and predicted values of the dependent variable?
How do you call the confidence interval for a single value of the dependent variable?
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