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Variation around the regression line

Variation around the regression line: Statistics with Excel Part One
Variation around the regression line: Statistics with Excel Part One

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 Appropriate for all
3h 45m
Duration
383,254
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Skills covered in this course
Business Intelligence Big Data IT Data Analysis Excel

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