Linear Regression Summary Note (Concavity or Curvature)

Linear Regression Summary Note (Concavity or Curvature)

Concavity: correction to the diagram

In the concave-down panel, \(f'\) is decreasing and \(f''<0\). The printed \(f''>0\) in that panel is a sign error. Concave up corresponds to an increasing gradient and \(f''>0\).

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Answer:Concave upwards: \(f'(x)\) increases and \(f''(x)>0\); the graph is increasing at an increasing rate or decreasing at a decreasing rate. Concave downwards: \(f'(x)\) decreases and \(f''(x)<0\); the graph is increasing at a decreasing rate or decreasing at an increasing rate.

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