Theil's Method to Estimate Slope and Intercept (by hand)

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  • Опубліковано 15 гру 2024

КОМЕНТАРІ • 11

  • @markparee99
    @markparee99 4 роки тому +2

    Came here expecting a very esoteric presentation, but was pleasantly surprised by the very clear explanation. Nice job!

  • @ammonlutz6
    @ammonlutz6 3 роки тому +2

    Thanks a ton! This helped me conceptualize the method much more than the books I was looking at, awesome work.

  • @learningstatistics1290
    @learningstatistics1290 3 роки тому +2

    A very good video. Thank you!

  • @austintbk6027
    @austintbk6027 4 роки тому +2

    You guys make it so easy to learn! After reading countless pages, I watched this video and it all made sense. thank you!

  • @Miguel10111948
    @Miguel10111948 4 роки тому +1

    EXCELLENT lesson!!! CongratulationA

  • @saurabh6809
    @saurabh6809 4 роки тому +2

    This was amazing.

  • @Kaptiv239
    @Kaptiv239 2 роки тому

    You can also find the total pairs by this formula: N(total pairs) = n(n-1) / 2, where n = total observations (8).
    For example in this problem:
    8(7) = 56
    56 / 2 = 28 making N = 28.

  •  3 роки тому

    Hi Study Force,
    Greetings from Puerto Rico. This video was really helpful. I don't know if I misunderstood, but I think that in minute 5:45 you misplaced the X and Y values. For example, 230 was a Y value but was placed alongside the slope coefficient, while 421 was a X value, but was placed in the dependent variable (Y)... Maybe I misunderstood, but anyways this video was very helpful... This was the best video on the topic that I found on UA-cam.

    • @StudyForceOnline
      @StudyForceOnline  3 роки тому +2

      Hi José, thanks for pointing that out. The good news is that α being 24.6362 is correct, in the sense that it comes from x and y being placed in their respective place! Therefore, the process and numbers moving forward are all correct -- just demonstrated that instance wrong :(

    •  3 роки тому +2

      @@StudyForceOnline This video was great! Thanks for sharing your knowledge on UA-cam. Keep it up!

  • @Amir3
    @Amir3 4 роки тому +1

    Thx man, that was a great job. I think if you use more visualization and less text, it'll improve your work