Question 1 

(1 point)
 
Saved
In choosing the 'best fit' line through a set of points in linear
regression, which one of the following would we choose?

Question 1 options:

The one with the smallest sum of squared residuals

The one with the largest sum of squared residuals

The one with the smallest number of outliers

The one with the largest number of points on the line

Question 2 (1 point)

 
Saved
In linear regression, we fit the least squares line to a set of
values (or points on a scatter plot). What is the distance from the
line to a point called?

Question 2 options:

Fitted value

Residual

Correlation

Covariance
Question 3 (1 point)
 
Saved
Given the least squares regression line y^= 8 - 3x, what is the
relationship between x and y?

Question 3 options:

The relationship between x and y is positive

The relationship between x and y is negative

As x increases, y also increases

As x decreases, y also decreases

There is no relationship between x and y

Question 4 (1 point)

 
Saved
A multiple regression equation includes 6 independent variables,
and the coefficient of multiple determination is 0.91. Which one
of the following is the percentage of the variation in y that is
explained by the regression equation?

Question 4 options:

80%

83%

91%
 95%

Question 5 (1 point)

 
Saved
The most popular approach to regression is the least squares
method, which minimises the SSE. Is this statement True or
False?

Question 5 options:

True
False

Question 6 (1 point)

 
Saved
Which one on the option mentioned is true when testing the
hypothesis for the slope in simple linear regression?

Question 6 options:

H0 : β1 = 0 and H1 : β1 ≠ 0

H0 : β1 ≠0 and H1 : β1 = 0

H0 : β1 >= 0 and H1 : β1 <= 0

H0 : β1 <= 0 and H1 : β1 >= 0

Question 7 (1 point)

 
Saved
In regression analysis, if there are several explanatory variables
it is called as ___________________

Question 7 options:

Simple regression

Multiple regression

Compound regression

Composite regression

Question 8 (1 point)

 
Saved
The coefficient of determination R2 value is the value between
________________.

Question 8 options:

 0 and 1

 -1 and 1

0 and 100

-0.5 and 0.5

Question 9 (1 point)

 
Saved
In assessing a multiple regression model, which of these
measures are considered?

Question 9 options:

F-test and t-tests

F- test only

t-tests only

Chi-square test

Question 10 (1 point)

 
Saved
Which of the following is an example of a linear regression
model?

Question 10 options:

A quadratic regression equation

A logarithmic regression equation

The least squares method

Submit Quiz10 of 10 questions saved

Terms in this set (36)

Outliers are observations that:

lie outside the typical pattern of points on a scatterplot
In linear regression, the fitted value is:
the predicted value of the dependent variable
In regression analysis, which of the following causal relationships are possible?
All of these options are possible:

--Y causes X to vary.

--Other variables cause both X and Y to vary.
--X causes Y to vary.
In regression analysis, if there are several explanatory variables, it is called:
multiple regression
Data collected from approximately the same period of time from a cross-section of a
population are called:
cross-sectional data
In a simple regression analysis, if the standard error of estimate se = 15 and the number
of observations n = 10, then the sum of the residuals squared must be 120.
False
A negative relationship between an explanatory variable X and a response variable Y
means that as X increases, Y decreases, and vice versa.
True
When the scatterplot appears as a shapeless swarm of points, this can indicate that
there is no relationship between the response variable Y and the explanatory variable X,
or at least none worth pursuing.
True
Correlation is measured on a scale from 0 to 1, where 0 indicates no linear relationship
between two variables, and 1 indicates a perfect linear relationship.
False
The term autocorrelation refers to:
time series variables are usually related to their own past values