Correlation and Regression: The Science of Predicting the Future
To learn correlation and regression analysis in statistics in more detail visit https://vijaysabale.co/regression
Hello Friends,
In this video, we are going to learn one of the most important concepts in Lean Six Sigma i.e. Correlation and Regression Analysis in statistics with the help of practical examples for easy understanding and better clarity.
These are also used in other practical applications to identify the nature of relationships between variables as well as to develop predictive models.
This video consists of the following topics:
• What is a Scatter Diagram and its considerations?
• What is Correlation, Degrees of Correlation, and Types of Correlation?
• The Scatter Diagram with Practical Example in Excel & Minitab
• Detailed introduction of Correlation, formulae, and Procedure to perform it in Excel & Minitab
• Correlation vs Causation
• Correlation Coefficient and Coefficient of Determination
• Detailed introduction of Regression, Types of it, formulae, and Procedure to perform it in Excel & Minitab
• Detailed explanation of R-square, R-square adjusted, and R-Square Predicted with the help of Practical Example.
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0:00 Introduction
1:47 Scatter Diagram
8:15 Correlation and Causation
11:13 Correlation Analysis
14:36 Correlation in Excel
35:46 Regression Analysis
51:00 Regression in Excel
56:22 Interpretation of Regression Analysis
59:05 Correlation in Minitab
1:00:12 Regression in Minitab
1:09:00 Regression with Formulae in Excel
1:13:36 Lean Six Sigma Training and Certification
And finally, thank you for watching.
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