Let’s discuss the difference between positive association and negative association when describing the relationship between two variables. What do we mean by the least-square criterion? Give a general description of how the least-square criterion is involve in the construction of the least-square line. Why do we say the least-squares line is the “best-fitting” line for the data set?
Use the Internet and find a magazine or journal article in your field of major interest wherein the content of this chapter (Correlation and Regression – chapter 6) could be applied. List the variables used, method of data collection, and the general type of information and conclusion drawn.
Note: Your answer must be 1000 words each question 500 words and add at-least 3 references for each question.
Please refer this text book: Exploring Statistics: Tales of Distributions by Chris Spatz