What would you suggest as a name for the entire procedure

Reference no: EM131404561

Suppose the statistics community is having a contest to rename regression to something more descriptive of what it actually does. What would you suggest as a name for the entire procedure? As a name for the regression line?

Reference no: EM131404561

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Determine nature of the relationship between two variables : Sometimes the main purpose of a regression analysis is to determine the nature of the relationship between two variables, and sometimes the main purpose is to use the equation in the future to predict a y value when the x value is known.

Determine the payback period for each site : Using a discount rate of 8% calculate the net present value for each site.

Sketch a scatterplot with an outlier : Sketch a scatterplot with an outlier that would inflate the correlation between the two variables. Sketch a scatterplot with an outlier that would deflate the correlation between the two variables.

Find the confidence interval for the expected value of y : Using a significance level of 5%, test whether the two regressors Saturation and Transisomers have the same effect on the response. Find the 95% confidence interval for the expected value of Y corresponding to X1 = 30 and X2 = 15

What would you suggest as a name for the entire procedure : Suppose the statistics community is having a contest to rename regression to something more descriptive of what it actually does. What would you suggest as a name for the entire procedure? As a name for the regression line?

Identify the payback period for each option : Calculate the net present value of each options using a discount rate of 12%.

How you use your scatterplot to help you make prediction : What other variables, aside from her mother's height, might be useful for improving your prediction? How could you use these variables in conjunction with the mother's height?

What is an example of two variables that have no association : Explain what it means when two variables have a negative association. What is an example of two variables that would have no association?

Determine the net present value for this project : Find the net present value using a discount rate of 10% and by comparing this figure to your answer to (a) estimate the internal rate of return for the project.

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