Correlation/Regression:
To do statistics and lists, see the instructions written on calculator. This gives an overview and also some useful advice for working with statistics on calculator.
Calculating Values:
a) Enter the data. Place the x-values to list 1 and y-values to list 2.b) Go to the Stats, Calc, and Setup screen.c) Setup the 2-Var Stats and hence: Xlist = L1, Ylist = L2, Freq = 1.d) Compute the Linear Regression (ax+b) (#5)This screen will provide you the sample linear correlation coefficient r; that is the slope of regression equation a; and the y-intercept of regression equation b.
Simply record the value of r.
To write the regression equation, substitute the values of a and b to the equation ‘y-hat = ax+b’.
To determine the coefficient of determination, square r. We can determine the variable r beneath VARS, STATS, EQ and r (#6).
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The role of management accounting and financial accounting is fairly different from each other because they have dissimilar goals altogether.
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