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Variation around the regression line

Variation around the regression line: Excel Statistics Essential Training: 1 (2016)
Variation around the regression line: Excel Statistics Essential Training: 1 (2016)

The regression line summarizes the relationship between the independent variable and the dependent variable, but the regression line by itself doesn’t tell the whole story. Joe Schmuller introduces the concept of Residual Variance. Joe will demonstrate the Excel computation residual variance by (1) dividing the sum of squared residuals by N-2, where N is the number of points in the scatterplot.

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Skill Level Intermediate
3h 45m
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