In this video, we dive into two essential statistical concepts: correlation and regression. Learn how to measure the strength and direction of relationships between variables using correlation, and discover how regression analysis can help predict outcomes based on data trends.
🔹 Topics Covered:
What is Correlation?
Pearson's Correlation Coefficient
Positive vs. Negative Correlation
Introduction to Regression Analysis
Simple Linear Regression Explained
Interpreting Slope and Intercept in Regression
Practical Examples and Applications
Whether you're a beginner in data analysis or brushing up on your statistics skills, this video offers a clear and concise explanation of these key concepts. Perfect for anyone looking to enhance their knowledge in data science, research, or business analytics.
Time Stamp
Introduction - 00:00
Correlation Coefficient - 01:47
Types of Correlation - 05:25
Scatterplot - 07:14
Types of Correlation coefficient - 08:58
Regression Definition - 11:43
Simple linear regression - 13:23
Multiple linear regression - 15:20
Other types of regression - 16:56
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