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Ordinary least squares regression of Okun's law.Since the regression line does not miss any of the points by very much, the R 2 of the regression is relatively high.. In statistics, the coefficient of determination, denoted R 2 or r 2 and pronounced "R squared", is the proportion of the variation in the dependent variable that is predictable from the independent variable(s).
In statistics, ordinary least squares (OLS) is a type of linear least squares method for choosing the unknown parameters in a linear regression model (with fixed level-one [clarification needed] effects of a linear function of a set of explanatory variables) by the principle of least squares: minimizing the sum of the squares of the differences between the observed dependent variable (values ...
A constant coefficient, also known as constant term or simply constant, is a quantity either implicitly attached to the zeroth power of a variable or not attached to other variables in an expression; for example, the constant coefficients of the expressions above are the number 3 and the parameter c, involved in 3=c ⋅ x 0.
Pearson's correlation coefficient is the covariance of the two variables divided by the product of their standard deviations. The form of the definition involves a "product moment", that is, the mean (the first moment about the origin) of the product of the mean-adjusted random variables; hence the modifier product-moment in the name.
The formulas given in the previous section allow one to calculate the point estimates of α and β — that is, the coefficients of the regression line for the given set of data. However, those formulas do not tell us how precise the estimates are, i.e., how much the estimators α ^ {\displaystyle {\widehat {\alpha }}} and β ^ {\displaystyle ...
The binomial coefficients can be arranged to form Pascal's triangle, in which each entry is the sum of the two immediately above. Visualisation of binomial expansion up to the 4th power. In mathematics, the binomial coefficients are the positive integers that occur as coefficients in the binomial theorem.
The coefficient of performance or COP (sometimes CP or CoP) of a heat pump, refrigerator or air conditioning system is a ratio of useful heating or cooling provided to work (energy) required. [ 1 ] [ 2 ] Higher COPs equate to higher efficiency, lower energy (power) consumption and thus lower operating costs.
In a nozzle or other constriction, the discharge coefficient (also known as coefficient of discharge or efflux coefficient) is the ratio of the actual discharge to the ideal discharge, [1] i.e., the ratio of the mass flow rate at the discharge end of the nozzle to that of an ideal nozzle which expands an identical working fluid from the same initial conditions to the same exit pressures.