Linear Regression Formula: Get Free Access To Lakhs of
Linear Regression Formula: Get Free Access To Lakhs of
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Introduction
Ever been to a shop and have noticed how the size of an object directly affects
its price as well? Well, a relation is seen when two quantities are compared and
there is either an increase or decrease in the value of both of them or it can also E
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be that one quantity increases while the other decreases and vice versa. If these
two quantities are further plotted on a graph, it is observed that there is a linear
relation between them. Linear regression formula helps to define this linear
relation that is present between the two quantities and how they are
interdependent.
Ordinal Regression
Multinomial Regression
One is the dependent variable (that is nominal).
Discriminant Analysis
One is the dependent variable (that is nominal).
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Formula of Linear Regression
Let’s know what a linear regression equation is. The formula for linear regression
equation is given by: OR
y = a + bx
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b=
a=
Where
x and y are the variables for which we will make the regression line.
Note: The first step in finding a linear regression equation is to determine if there
is a relationship between the two variables. This is often a judgment call for the
researcher. You’ll also need a list of your data in an x–y format (i.e. two columns
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and dependent variables).
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Simple Linear Regression Formula Plotting
Table 1. Example data.
X Y
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4.00 3.75
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5.00 2.25
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The concept of linear regression consists of finding the best-fitting straight line
through the given points. 100%
The best-fitting
SAFE line
& SECURE, We never post is your
without known as a regression line. The
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black diagonal line in the figure given below (Figure 2) is the regression line and
consists of the predicted score on Y for each possible value of the variable X. The
lines in the figure given above, the vertical lines from the points to the regression
line, represent the errors of prediction. As you can see, the red point is actually
very near the regression line; we can see its error of prediction is small. By
contrast, the yellow point we can see is much higher than the regression line and
therefore its error of prediction is large.
The black line given in the figure consists of the predictions, the points that are
the actual data, and the vertical lines between the points and the black line
represent errors of prediction.
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Properties of Linear Regression
For the regression line where the regression parameters b0 and b1 are defined,
the properties are given as below:
The line reduces the sum of squared differences between observed values
and predicted values.
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The regression line passes through the mean of X and Y variable values.
The regression constant (b0) is equal to the y-intercept of the linear
regression.
Questions to be Solved
Question 1) Find out the linear regression equation from the given set of data.
X 2 3 5 8
Y 3 6 5 12
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Solution:
X Y X2 XY
2 3 4 6
3 6 9 18
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5 5 25 25
8 12 64 96
b= , Mobile Number
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Now using the simple linear regression formula to calculate the value of a=
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= = 0.515
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5. What are the prerequisites needed for regression analysis using the Linear
Regression Formula?
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6. What is the coefficient of determination for a linear regression model? C
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