(T/F) Based on the output below, the standard error of estimate does not show a good model fit? (T/F) ANOVA output shows a good model fit. SUMMARY OUTPUT Regression Statistics Multiple R 0.804377596 R Square 0.647023317 Adjusted R Square 0.642533948 Standard Error 45.45264766 Observations 638 ANOVA df SS MS F Significance F Regression 8 2382006.449 297750.8062 144.1234247 8.3966E-137 Residual 629 1299478.26 2065.943179 Total 637 3681484.709
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.
(T/F) Based on the output below, the standard error of estimate does not show a good model fit?
(T/F) ANOVA output shows a good model fit.
SUMMARY OUTPUT | |||||
Regression Statistics | |||||
Multiple R | 0.804377596 | ||||
R Square | 0.647023317 | ||||
Adjusted R Square | 0.642533948 | ||||
Standard Error | 45.45264766 | ||||
Observations | 638 | ||||
ANOVA | |||||
df | SS | MS | F | Significance F | |
Regression | 8 | 2382006.449 | 297750.8062 | 144.1234247 | 8.3966E-137 |
Residual | 629 | 1299478.26 | 2065.943179 | ||
Total | 637 | 3681484.709 |
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