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What is a measure of the amount of variation in the observed values of the response variable explained by the regression?
The measure of the amount of variation in the observed values of the response variable explained by the regression is known as the coefficient of determination, denoted as ( R^2 ). This statistic quantifies the proportion of the total variability in the response variable that can be attributed to the predictor variables in the model. An ( R^2 ) value closer to 1 indicates a better fit, meaning that a larger proportion of the variance is explained by the regression model. Conversely, an ( R^2 ) value near 0 suggests that the model does not explain much of the variation.
If the r-value or correlation coefficient of a data set is negative the coefficient of determination is negative?
The coefficient of determination, denoted as (R^2), is always a non-negative value, regardless of whether the correlation coefficient (r-value) is negative or positive. The value of (R^2) indicates the proportion of the variance in the dependent variable that can be explained by the independent variable(s). While a negative r-value signifies an inverse relationship between the variables, (R^2) will still be a positive number, ranging from 0 to 1. Thus, a negative r-value does not imply a negative coefficient of determination.
What is F variate?
The F-variate, named after the statistician Ronald Fisher, crops up in statistics in the analysis of variance (amongst other things). Suppose you have a bivariate normal distribution. You calculate the sums of squares of the dependent variable that can be explained by regression and a residual sum of squares. Under the null hypothesis that there is no linear regression between the two variables (of the bivariate distribution), the ratio of the regression sum of squares divided by the residual sum of squares is distributed as an F-variate. There is a lot more to it, but not something that is easy to explain in this manner - particularly when I do not know your knowledge level.
What is the advantage and disadvantages of hierarchical regression analysis?
Hierarchical regression analysis allows researchers to assess the incremental value of adding predictor variables to a model, providing insights into how additional factors contribute to the explained variance in the outcome variable. One advantage is its ability to reveal the unique contribution of each predictor after accounting for others, enhancing understanding of complex relationships. However, a disadvantage is that it can be sensitive to multicollinearity among predictors, which may distort results. Additionally, the method requires careful consideration of variable selection and entry order, which can influence interpretation.
How can pi be explained?
3.14159265359, an infinite number
What measures the percentage of total variation in the response variable that is explained by the least squares regression line?
The coefficient of determination, also known as R-squared, measures the proportion of the variance in the dependent variable that is predictable from the independent variable(s) in a regression model. It ranges from 0 to 1, with higher values indicating a better fit of the model to the data.
The percent variance in Y explained by variability in X is called the?
r2, the coefficient of determination
What is the difference between the coefficient of simple determination and that of multiple determination?
The coefficient of simple determination tells the proportion of variance in one variable that can be accounted for (or explained) by variance in another variable. The coefficient of multiple determination is the Proportion of variance X and Y share with Z; or proportion of variance in Z that can be explained by X & Y.
What is the variation attributable to factors other than the relationship between the independent variables and the explained variable in a regression analysis is represented by?
Regression mean squares
If the regression sum of squares is large relative to the error sum of squares is the regression equation useful for making predictions?
If the regression sum of squares is the explained sum of squares. That is, the sum of squares generated by the regression line. Then you would want the regression sum of squares to be as big as possible since, then the regression line would explain the dispersion of the data well. Alternatively, use the R^2 ratio, which is the ratio of the explained sum of squares to the total sum of squares. (which ranges from 0 to 1) and hence a large number (0.9) would be preferred to (0.2).
The proportion of the variation in the dependent variable y that is explained by the estimated regression equation is measured by the?
confidence interval estimate
What is the role of the stochastic error term in regression analysis?
Regression analysis is based on the assumption that the dependent variable is distributed according some function of the independent variables together with independent identically distributed random errors. If the error terms were not stochastic then some of the properties of the regression analysis are not valid.
What is an idea or object that represents something that is being explained?
model
How can you tell if it appears to have a good r-square?
r^2 , the square of the correlation coefficient represents the percentage of variation explained by the independent variable of the dependent variable. It varies between 0 and 100 percent. The user has to make his/her own judgment as to whether the obtained value of r^2 is good enough for him/her.
What is an r squared value?
R squared also called the coefficient of determination is the portion (%) of the total variation of the dependent variable that is explained by the variation in the independent variable. This is found by dividing the sum of squared regression (SSR) by the total sum of square errors (SST) that is R^2 = SSR / SST.When there is a perfect linear relationship between the variation of the dependent variable y and the variation of the independent variable x R^2 is equal to 1.The R^2 for any weaker linear relationships will range between 0 and 1 exclusive.Finally when there is no relationship between the variations of the y as a result of the variation in x R^2 is equal to 0.
What is stochastic error term?
A Stochastic error term is a term that is added to a regression equation to introduce all of the variation in Y that cannot be explained by the included Xs. It is, in effect, a symbol of the econometrician's ignorance or inability to model all the movements of the dependent variable.
What is F variate?
The F-variate, named after the statistician Ronald Fisher, crops up in statistics in the analysis of variance (amongst other things). Suppose you have a bivariate normal distribution. You calculate the sums of squares of the dependent variable that can be explained by regression and a residual sum of squares. Under the null hypothesis that there is no linear regression between the two variables (of the bivariate distribution), the ratio of the regression sum of squares divided by the residual sum of squares is distributed as an F-variate. There is a lot more to it, but not something that is easy to explain in this manner - particularly when I do not know your knowledge level.
