Ordinary Least Squares (OLS)
Zero Correlation Consequence
Scatterplot Visualization
Intercept (a)
Data = Model + Error
Slope (b)
Covariance
Pearson's r
Error (Residual)
Correlation Significance
Unstandardized measure of shared variance limited by units
Optimization algorithm that minimizes squared errors to estimate parameters
The uncertainty remaining after fitting the model to the data
Should be judged by magnitude (effect size), not p-values
Magnitude of change in f(x) resulting from a change in x
The fundamental form of most statistical models
The regression model collapses to the Mean of Y (flat line)
Standardized measure of association bounded between -1 and 1
Necessary to detect non-linear relationships (e.g., U-shaped) missed by r
The value of the function when X is zero (crosses y-axis)