Statistical Models and Visualizing Information

 Minimum of 175 words

  • Do you observe a relationship between both variables?
  • What does the slope tell us? Is the slope significant?
  • What is the intercept? Is it meaningful?
  • What is the value of the regression coefficient, r? What is the value of the coefficient of determination, r^2? What does r^2 tell us? 
  • Share a business scenario in which using a model could be beneficial.

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