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BUSI820 - Discussion Thread: Correlation and Regression

Overview

In the thread for each short-answer discussion, the student will post short answers to the prompted questions. The answers must demonstrate course-related knowledge from the textbook and support their assertions with scholarly citations in the latest APA format. Minimum word count for all short answers cumulatively is 150-200 words. For each thread the student must include a title block with your name, class title, date, and the discussion forum number; write the question number and the question title as a level one heading (e.g. D1.1 Variables) and then provide yourresponse; use Level Two headings for multi part questions (e.g. D1.1 & D1.1.a, D1.1.b, etc.), and include a referencesection. If you choose to bring in additional scholarly sources, you may do so, but it is not expected.

Respond to the following short answer questions from this module:

D6.8.1 Why would we graph scatterplots and regression lines?

D6.8.2 In Output 8.2, (a) What do the correlation coefficients tell us? (b) What is r2 for the Pearson correlation? What does it mean? (c) Compare the Pearson and Spearman correlations on both correlation size and significance level; (d) When should you use which type in this case?

D6.8.5 In Output 8.5, what do the standardized regression weights or coefficients tell you about the ability of the predictors to predict the dependent variable?