![]() ![]() In arithmetic terms the line depicted in Fig. the reversion to a chronologically earlier or less adapted pattern of behavior and feeling. reversion to an earlier or less advanced state or form or to a common or general type. ![]() The goodness of fit of the regression line to the sample observations is measured by the CORRELATION COEFFICIENT. noun the act of going back to a previous place or state return or reversion. This method of ordinary least squares is applied in most regressions. X and Y stand for objects, R stands for a. 1 This principle can often be expressed in the following form: X is F because X stands in R to Y and Y is F. The line of best fit to the data should be chosen so that the sum of the squares of the vertical deviations (distances) between the points and the line should be a minimum. An infinite regress is an infinite series of entities governed by a recursive principle that determines how each entity in the series depends on or is produced by its predecessor. 168 shows such a set of paired observations plotted in graph form, and we need to find the equation of the line that provides the best possible fit to our data, for this line will yield the best predictions of the dependent variable. Taking the simplest example of a linear equation with just one independent variable and a dependent variable (disposable income and consumption expenditure), the problem is to fit a straight line to a set of data consisting of pairs of observations of income (Y) and consumption. ![]() From this estimated equation, it is then possible to redict what the (unknown) dependent variable(s) will be for a given value of the (known) independent variable(s). VARIABLES, so generating the best estimate of the true underlying relationship between these variables. regression analysis a statistical technique used in ECONOMETRICS for estimating the EQUATION that best fits sets of observations of DEPENDENT VARIABLES and INDEPENDENT ![]()
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