The following data, adapted from Montgomery, Peck, and Vining (2001), present the number of certified mental defectives per 10,000 of estimated population in the United Kingdom ( y) and the number of radio receiver licenses issued (x) by the BBC (in millions) for the years 1924 through 1937. Fit a regression model relating y and x. Comment on the model. Specifically, does the existence of a strong correlation imply a cause-and-effect relationship?
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.
2. The following data, adapted from Montgomery, Peck, and Vining (2001), present the number of certified mental defectives per 10,000 of estimated population in the United Kingdom ( y) and the number of radio receiver licenses issued (x) by the BBC (in millions) for the years 1924 through 1937. Fit a regression model relating y and x. Comment on the model. Specifically, does the existence of a strong
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