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svet-max [94.6K]
2 years ago
5

The difference between the observed points and the regression line points is equal to the?

Business
1 answer:
earnstyle [38]2 years ago
5 0

The difference between the observed points and the regression line points is equal to the correlation.

Correlation is a statistical measure of how linearly two variables are related (that is, do they change at a constant rate). This is a general tool for describing simple relationships without stating cause and effect.

Correlation and regression analysis are used in business to predict potential outcomes so that companies can make informed, data-driven decisions based on predictions of event outcomes. increase.

Correlation analysis in market research is a statistical technique that determines the strength of the relationship between two or more variables.

Learn more about correlation here:brainly.com/question/28091015

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