Answer to Question #223193 in Economics for Raych

Question #223193

Correlation and Regression are two sides of the same coin”. Explain


1
Expert's answer
2021-08-04T09:37:20-0400

As indicated earlier, correlation and regression are two sides of the same statistical coin. When you measure the linear correlation of two variables, what you are in effect doing is laying out a straight line that best fits the average "together-movement" of these two variables.


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