CHAPTER 15

Correlation and Simple Linear Regression Analysis

LEARNING OBJECTIVES

Upon completion of this chapter, you will be able to:

  • Use the simple linear regression equation
  • Understand the concept of measures of variation, coefficient of determination, and standard error of the estimate
  • Understand and use residual analysis for testing the assumptions of regression
  • Measure autocorrelation by using the Durbin-Watson statistic
  • Understand statistical inference about slope, correlation coefficient of the regression model, and testing the overall model
STATISTICS IN ACTION: TATA STEEL

Tata Steel, established in 1907, is the world’s sixth-largest steel company with an existing annual crude steel capacity of 30 million tonnes. It is Asia’s ...

Get Business Research Methods now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.