To calculate the sum of squares, subtract the mean from the data points, square the differences, and add them together. There are three types of sum of squares: total, residual, and regression.

Line of best fit is one of the most important concepts in regression analysis. Regression refers to a quantitative measure of the relationship between one or more independent variables and a ...

Statistical texts written by geographers invariably illustrate and calculate the prediction limits about an estimated regression line as pairs of parallel lines. Such limits should be hyperbolic when ...

Regression statistics will typically include an R-squared value. The closer to 1 this is, the stronger the correlation between the returns of the two stocks.