Linear Regression Analysis Calculator

Many relationships resemble linear relationships of some kind. For instance, it may be expected that the price of an item and how much of it is purchased resembles a linear relationship. Mathematically, it is possible to fit a line to such data where fluctuations in one piece of data, in this case the price of an item, correlates with fluctuatons in some other piece of data, quantity in our example. One can fit a line to this pattern so as to make reasonable predictions about the behavior of the relationship at hand. You may enter two data sets, much like price and quantity as illustrated here, call them x (independent variable) and y (dependent variable). The y variable is the variable you are trying to predict. In the table, Y' is the predicted value, that value that the line is determining for the given X. Then you have the difference between the observed and the predicted (Y - Y') and that value squared. The graph that emerges shows the observed Ys (blue dots) and the prediction line calculated (blue line). Try it and see.

X Y Y' Y - Y' (Y - Y')2


If you've found a bug, or would like to contact us please click here.

Calculate.co.nz is partnered with Interest.co.nz for New Zealand's highest quality calculators and financial analysis.

Looking for an ethical KiwiSaver? Go to mindfulmoney.nz – it’s quick, easy and free.

Copyright © 2019 calculate.co.nz All Rights Reserved. No part of this website, source code, or any of the tools shall be copied, taken or used without the permission of the owner. All calculators and tools on this website are made for educational and indicative use only. Calculate.co.nz is part of the GST Calculator, PAYE Calculator and CGT Calculator group.