Question

Based on your understanding of correlation, do you think using regression is really necessary? Why or...

Based on your understanding of correlation, do you think using regression is really necessary? Why or why not?

Homework Answers

Answer #1

Explanation-

Testing for association only will need correlation... regression analysis is required when there is need to say how given one variable you can predict the other

So correlation is used to denote association between two quantitative variables while regression is used to estimate the best straight line to summarize the association...so regression means if two variables are related that when one changes by a certain amount of other changes on an avg by a certain amount ..if y represents dependent variable and x represents independent variable ,this relation is described as regression Y on x..

So yes regression is necessary...(ans)

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is your understanding of fair use? Why do you think it hard to know if...
What is your understanding of fair use? Why do you think it hard to know if fair use will apply in a particular instance? Discuss the relationship between copyright law and freedom of expression, and describe some examples from current media. 150 words
provide an example of a wave or wave like motion Why do you think an understanding...
provide an example of a wave or wave like motion Why do you think an understanding of waves, wave motions, and sound are important?
Do you think today’s church is concerned about teaching and understanding the nature of Christ? Why...
Do you think today’s church is concerned about teaching and understanding the nature of Christ? Why or why not? Should this be the major area of concern?
Why is affirmative action important? Do you think it is still necessary in the United States?
Why is affirmative action important? Do you think it is still necessary in the United States?
Discussion: Why do you think that the dental assistant needs to know the correlation of the...
Discussion: Why do you think that the dental assistant needs to know the correlation of the bones of the skull, the blood vessels and nerves of the skull? Share an example of how you would use this in a clinical setting.
Do you think Ordinary Least Squares and logistic regression yield equally valid results? Why or why...
Do you think Ordinary Least Squares and logistic regression yield equally valid results? Why or why not?
What was your understanding of the unemployment rate that they reported? Do you believe this an...
What was your understanding of the unemployment rate that they reported? Do you believe this an accurate reporting of the unemployment rate? Why or why not? What did you find interesting that your classmate said that you didn’t think about?
Based on your understanding of Alikay’s position in the product life cycle and expected sales volume:...
Based on your understanding of Alikay’s position in the product life cycle and expected sales volume: • Which production method do you think Alikay is using for the Black Soap Shampoo? Explain your rationale.
Define deviance. Now research a culture you are unfamiliar with. Using your understanding of `deviance`, do...
Define deviance. Now research a culture you are unfamiliar with. Using your understanding of `deviance`, do any of the customs found in the culture you researched seem deviant to you? Why/why not? PLease cite references..
Why do you think we see a positive correlation between adherence to an ESG framework and...
Why do you think we see a positive correlation between adherence to an ESG framework and firm financial performance? Is there causality? Which way does it flow?