Correlation range -1 to 1 inclusive (strength and direction of relationship)
Coefficient of Determination- how well the model explains future outcomes (explained
variability) r2 p2
-percentage of change in the dependent variable that is influenced by independent variable
- closer slope gets to 0 there is no relationship
A regression equation is used to predict or forecast the dependent variable
Sign of slope line tells you sign of multiple r
Goal to increase explained variation (r2) and unexplained variation