Explain the assumption of the simple linear regression model

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Reference no: EM133570372

Problem: Concepts Research

Instructions

I. Using a search engine or in the virtual library database, conduct research taking into consideration the following concepts:

1. Scatter plot or dispersion diagram
2. Correlation coefficient
3. Simple linear regression
4. Dependent variable
5. Independent variable
6. Regression line

II. Explain the assumptions of the simple linear regression model.

III. Explain the usefulness of the scatter plot as a possible start to develop a simple linear regression model.

IV. Explain what the standard error of estimate measures in the simple linear regression model.

Reference no: EM133570372

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