Discussion Question,
Need 2 paragraphs with example and references.
Let’s find real-world examples of Regression Analysis, Pearson r’s, and the related topics for this week.
We like a reference with each post.
Example: Economists in my state are saying Florida’s downward trending economy is highly correlated with the number of pandemic cases.
ww.sun-sentinel.com/coronavirus/fl-ne-cororna…
CO E – Assess best-fit simple or multiple regression models and determine their usefulness as predictors
CO F – Evaluate the application of statistical analyses in the real world
The key concepts this week shall include:
For a given value of x, interpret the 95% confidence interval and the 95% prediction interval.
Interpret the regression coefficient in terms of the problem, using a confidence interval and the p-value.
Identify and interpret the regression equation, and explain the meaning of the slope, intercept, correlation coefficient, and coefficient of determination of the regression line.
For a problem situation involving two variables, identify the dependent variable and the independent variable.
Assess the role of descriptive statistics in real world situations.
Refer to the starter questions/comments in the discussion to get our conversation on a roll. The topic this week is also a very useful one in the business world and one I hope you enjoy.
