WST03 · Module
Regression and correlation
Summary statistics and the PMCC
The summary statistics , and measure spread and how and vary together. The product moment correlation coefficient lies between and and measures how close the points are to a straight line.
≈ 30 minThe least squares regression line
The regression line of on , , is the straight line that makes the squared vertical distances from the points as small as possible. Its gradient is and it always passes through , so .
≈ 35 min