Explain the assumption of the simple linear regression model

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Reference no: EM133676055

Discussion Post: Concepts Research

I. Using a search engine or in the virtual library database, conduct research taking into consideration the following concepts:

i. Scatter plot or dispersion diagram
ii. Correlation coefficient
iii. Simple linear regression
iv. Dependent variable
v. Independent variable
vi. Regression line

II. Explain the assumptions of the simple linear regression model.

III. Explain the usefulness of the scatter plot as a possible start to develop a simple linear regression model.

IV. Explain what the standard error of estimate measures in the simple linear regression model.

Reference no: EM133676055

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