Forum Discussion
Help with Statistics: Linear Regression, Correlation, Confidence Interval
Hello everyone, I have two columns of data that are somewhat correlated. My task here is to show that correlation, and to use it to predict future outcomes (e.g given X, what is y) as well as the...
Hi Anonymous
Does the margin of error which calculated as you said satisfy your requirement?
What you are seeking for is to show the value of “margin of error” around a trendline?
Best Regards
Maggie
Yes, that's exactly what i am trying to calculate - the margin of error/confidence interval around the trendline.
Determining the margin of error for set of values (one variable) is simple... what I don't understand is how to do for a trendline becauses there are two correlated values.
Any stats gurus who know how this can be done, please help :)