Question

In: Statistics and Probability

How is a linear regression analysis is different from a correlation analysis?

How is a linear regression analysis is different from a correlation analysis?

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Expert Solution

Answer:

The focuses given underneath, clarifies the contrast among correlation and regression in detail:

  • A factual measure which decides the co-relationship or relationship of two amounts is known as Correlation. Regression portrays how a free or independent factor is numerically identified with the needy or dependent variable.
  • Correlation is utilized to indicate to the direct / linear connection between two factors. Despite what might be expected, regression is utilized to fit the best line and gauge one variable based on another variable.
  • In this Correlation, there is no distinction among needy/dependent and autonomous/independent factors for example correlation among's x and y is like y and x. On the other hand, the relapse/regression of y on x is not quite the same as x on y.
  • Correlation demonstrates the quality of relationship between factors. Rather than, relapse mirrors the effect of the unit change in the autonomous variable on the needy variable.
  • Correlation targets finding a numerical worth that communicates the connection between factors. Dissimilar to regression whose objective is to foresee estimations of the irregular variable based on the estimations of fixed variable.

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