09 Jun THE DIFFERENCE BETWEEN CORRELATION AND REGRESSION.
Prepare a 1 page memo to the target of your assigned data set. Explain the regression analysis you have in your Excel file focusing on what the analysis means to the company and without using using any of the statistical terms associated with regression analysis. Include your scatter plot with a regression line (optimally fit line, in Excel this is simply choosing a type of scatter plot chart that includes a line). Edit that and make it easy to understand as usual. Include your basic regression statistics: Coefficient of determination, standard error, slope, intercept, F-statistic/P-Value. In your write up of the regression analysis, make sure you explain in detail why you are using regression, what information is provided by each statistic (and the scatter plot). It should be very clear that you know what each statistic means and can reasonably interpret them in real world (your narrative) terms. Make sure it is clear you know the difference between correlation and regression. ALSO UPLOADED IS A EXAMPLE AND UPLOADED IS THE DATA
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