qsm+lecture+.pptVIP

Learning Outcomes By the end of this chapter, you should be able to:- - explain the concept of correlation - calculate Pearson’s correlation of coefficient and interpret the results - calculate Spearman’s rank correlation of coefficient and interpret the result - determine the regression equation for a set of data and interpret the equation - use the regression equation to make forecast for valid value of independent variables. If r=0, then there is no linear relationship between the two random variable. If r is positive, it means that an increase in the value of one variable is accompa