REGRESSION ANALYSIS - REGRESSION THEORY

4 important questions on REGRESSION ANALYSIS - REGRESSION THEORY

True or False. The slope of a line is the ratio of the vertical change  to the horizontal change between any two points. We can this rise over line.

True

True or False. If a model is a good fit, the errors should be random and unpredictable, showing no particular pattern.

True

True or False. Errors will depend on each other. Any input, or output values, or time.

False. Errors should not depend on each other.
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True or False. Reference category is classification with all input variables equal to 0 and is also called the baseline.

True

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