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While Marion was on extended holiday, her property became overgrown, principally with noxious weeds. Her municipality wrote to her home address threatening a $500 fine and the attendance of a municipal crew to control the problem with a further fee of $350. Marion's neighbour, George, who was tending her mail, read the notice and telephoned her and told her he would see to the cleanup job. In time, he forgot to do so, and the municipality performed the work, leaving a bill for Marion of $850. Upon Marion's return she was enraged at George's failure, and sued him in Small Claims Court for the $850.
Regression Model
A statistical model that estimates the relationship between a dependent variable and one or more independent variables.
Regression Coefficients
Numeric values that represent the degree of change in the dependent variable expected for a one-unit change in one of the independent variables, holding other factors constant.
Correlated
When two or more variables or sets of data are related in some way, indicating a relationship or dependence between them.
Multicollinearity
A situation in multiple regression models where one predictor variable in the model can be linearly predicted from the others with a substantial degree of accuracy, leading to difficulties in determining the separate effects of predictor variables.
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