Use the data analysis toolpak regression analysis to find the equation for the linear function that best fits this data. Round both numbers to two decimal places. Write your final answer in a form of an equation y = b0 + bx(x) Note: You will need to 'transpose' your data before running your regression to ensure you are working with column-oriented data. x 1 2 3 4 5 6 y 101 120 130 158 175 202
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.
Use the data analysis toolpak
y = b0 + bx(x)
Note: You will need to 'transpose' your data before running your regression to ensure you are working with column-oriented data.
| x | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| y | 101 | 120 | 130 | 158 | 175 | 202 |
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