Cryptocurrency Q&A
How to calculate SSxx, SSyy, and SSxy?
How to calculate SSxx, SSyy, and SSxy?
SsamziegangSerenadeMelody
Sun Dec 08 2024
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5 answers
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I'm trying to figure out how to calculate SSxx, SSyy, and SSxy. I know these are sums of squares, but I'm not sure exactly how to compute them. Can someone explain the steps involved?
5 answers
CryptoPioneer
Tue Dec 10 2024
After populating the table with the necessary values, we will sum each column.
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Lorenzo
Tue Dec 10 2024
With these sums, we can then compute SSxy, which is the sum of the products of x and y minus the product of the sums of x and y divided by n. Similarly, we calculate SSxx, which is the sum of x squared minus the square of the sum of x divided by n.
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Leonardo
Tue Dec 10 2024
Using SSxy and SSxx, we can determine the slope of the line, β1, by dividing SSxy by SSxx.
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Andrea
Tue Dec 10 2024
To find the solution in a straightforward manner, we can utilize a table.
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Martina
Tue Dec 10 2024
In this table, we need to calculate values for x, y, x squared, the product of x and y, and y squared.
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