Each row of the data table contains a response value and values for the p predictors. For each observation, the predictor values are considered fixed. However, the response value is considered to be a realization of a random variable.
1.
Select Help > Sample Data Library and open Socioeconomic.jmp.
2.
Select Analyze > Fit Model.
3.
Select Median House Value and click Y.
4.
Select Total Population, Median School Years, Total Employment, and Professional Services and click Add.
5.
6.
Click Run.
7.
From the Response red triangle menu, select Estimates > Correlation of Estimates.
Figure 2.41 Correlation of Estimates Report
The report (Figure 2.41) shows high negative correlations between the parameter estimates for the Intercept and Median School Years (–0.9818). High negative correlations also exist between Total Population and Total Employment (–0.9746).

Help created on 7/12/2018