Assignment 6: Regression Analysis
Regression Analysis Part 1 Introduction In the first part of the assignment a simple regression analysis is to be performed on data which attempts to relate the percent of kids in an area who receive free lunch, and crime rate in the same area of a town. This seems silly but performing a regression analysis could help make sense of why this data could relate. The questions that will be answered are; Is the news correct that areas where a larger percent of kids receive free lunch there is a higher crime rate, If a new area of the town was identified with 30% free lunch what is the corresponding crime rate, and how confident is this result. Methodology Definitions Ordinary Least Squares (OLS): Fitting a line through a set of points and squaring the sum of the vertical distances from observed points so the distance from the trend line is minimized. Regression Analysis : Studies the relation between a dependent and Independent variable. Linear ...