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Bivariate Statistical Measurements

Efraín Avendaño Montes English

Bivariate Statistical Measurements

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Bivariate Statistical Measurements

  1. Regression

    • It is a technique that forecasts or predicts the value of one variable based on the given values of the other.
      • Simple linear regression model
        • It is one of the most widely used techniques that allows modeling a reaction between two sets of variables.
      • When two variables are involved, one (X) will be the independent variable, while the other (Y) will be the dependent variable.
        • Thus, we speak of a regression of Y on (or as a function of) X.
      • It allows you to determine with confidence which factors are most important, which can be ignored and how they influence each other.
  2. Correlation

    • Statistical technique that measures the closeness of the linear relationship between two or more variables.
      • It is calculated with the correlation coefficients.
        • Numbers varying between +1 and -1
      • Types of correlation
        • direct
          • The line corresponding to the point cloud of the distribution is an "increasing line".
          • When one of the variables increases, the other increases.
        • inverse
          • The line corresponding to the cloud of points of the "crescent line" distribution.
          • When one of the variables increases, the other decreases.
        • null
          • The line corresponding to the point cloud of the distribution is the "crescent line".
          • when there is no dependence of any kind between variables
      • Dependent variable: variable that is predicted or estimated: it is shown on the Y-axis.
  3. Allow the joint analysis and observation of two variables in a sample of individuals in a population.

    • Its purpose is to detect possible relationships between them.
    • The regression (and correlation) will be simple if there is only one explanatory variable; on the contrary, it will be multiple if there are several explanatory variables.

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Mind Map on Bivariate Statistical Measurements, created by Efraín Avendaño Montes on 17/02/2023.
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