Scribd
Upload
62 views

Module 1 Lesson 2

The document discusses linear regression models for business statistics, including simple regression with one explanatory variable and multiple regression with two or more explanatory variables. It covers modeling a regression, estimating the model with software, interpreting the estimated model, and making predictions.

Uploaded by

andri00
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
62 views

Module 1 Lesson 2

The document discusses linear regression models for business statistics, including simple regression with one explanatory variable and multiple regression with two or more explanatory variables. It covers modeling a regression, estimating the model with software, interpreting the estimated model, and making predictions.

Uploaded by

andri00
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 25

Linear Regression for Business Statistics

Linear Regression for Business Statistics

Simple Regression

Multiple Regression
Linear Regression for Business Statistics

Simple Regression
A regression with only one explanatory or X variable

Multiple Regression
Linear Regression for Business Statistics

Simple Regression
A regression with only one explanatory or X variable

Multiple Regression
A regression with two or more explanatory or X variables
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy

“Y” variable
“Dependent” variable
Variable of interest
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy

“Y” variable “X” variables


“Dependent” variable “Independent” variables
Variable of interest “Explanatory” variables
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy

“Y” variable “X” variables


“Dependent” variable “Independent” variables
Variable of interest “Explanatory” variables
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy

“Y” variable “X” variables


“Dependent” variable “Independent” variables
Variable of interest “Explanatory” variables
Linear Regression for Business Statistics
The sales manager at the toys retail company wanted to make a
projection of monthly unit sales of a particular toy

“Y” variable “X” variables


“Dependent” variable “Independent” variables
Variable of interest “Explanatory” variables
Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest

* Data needed for every variable in the regression model *


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest

* Data needed for every variable in the regression model *


Linear Regression for Business Statistics
Overview of Regression

1. Modeling Developing a regression model

2. Estimation Using software to estimate the model

3. Inference Interpreting the estimated regression model

4. Prediction Making predictions about the variable of interest

* Data needed for every variable in the regression model *


Linear Regression for Business Statistics
2. Estimation Using software to estimate the model
Linear Regression for Business Statistics
2. Estimation Using software to estimate the model
Linear Regression for Business Statistics
2. Estimation Using software to estimate the model

You might also like