The electric power consumed each month by a chemical plant is thought to be related to the average ambient temperature (x1), the number of days in the month (x2), the average product purity (x3), and the tons of product produced (x4). A multiple linear regression analysis was applied to the experimental data using MINTAB and the following results were obtained: Regression Analysis: y versus x1, x2, x3, x4 Regression Equation y = -123 + 0.757 x1 + 7.52 x2 + 2.48 x3 - 0.481 x4 Coefficients Term Coef SE Coef T-Value P-Value VIF Constant -123 157 -0.78 0.459 х1 0.757 0.279 2.71 0.030 2.32 x2 7.52 4.01 1.87 0.103 2.16 x3 2.48 1.81 1.37 0.212 1.34 x4 -0.481 0.555 -0.87 0.415 1.01 Analysis of Variance Source DF Seq SS Seq MS F-Value P-Value Regression 4 5600.5 1400.1 10.08 0.005 Error 7 972.5 138.9 Total 11 6572.9 Then, the upper limit of the two-sided 95% confidence interval on the slope B2 is equal to а. 17
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.
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