A linear relationship exists between two variables x and y. The correlation coefficient was calculated for the sample data and is equal to -0.93. Using the estimated regression equation, a straight line that will best fit the data points can be drawn through the points on the scattergram.The line slopes downward from left to right and the points are scattered close to the line. True or false
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
A linear relationship exists between two variables x and y. The
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