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Alg w Finance 2.2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Line of best fit   A line that approximates the points on a scatter plot which can be used to show a trend and make predictions  
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linear regression line   A line that approximates the points on a scatter plot which can be used to show a trend and make predictions  
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least square line   A line that approximates the points on a scatter plot which can be used to show a trend and make predictions  
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domain   the first elements of the ordered pair ( x- value)  
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range   The second elements of the ordered pair ( y- value)  
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interpolation   to predict corresponding y values given a x value within the domain  
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extrapolation   to predict corresponding values outside of the domain  
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correlation coeffecient   r, is a number between -1 and 1 inclusive that is used to judge how closely a line fits the data.  
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strong correlation   correlation coefficients with an absolute value greater than 0.75  
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weak correlation   correlation coefficients with an absolute value less than 0.3  
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moderate correlation   correlation that is not strong or weak.  
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Created by: MrsMWilliams
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