Scribd
Upload
54 views

Module 1 Lesson 3

The document discusses linear regression for business statistics. It describes the four main steps in regression analysis: 1) developing a regression model, 2) using software to estimate the model, 3) interpreting the estimated regression model, and 4) making predictions about variables of interest using the model.

Uploaded by

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

Module 1 Lesson 3

The document discusses linear regression for business statistics. It describes the four main steps in regression analysis: 1) developing a regression model, 2) using software to estimate the model, 3) interpreting the estimated regression model, and 4) making predictions about variables of interest using the model.

Uploaded by

andri00
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 26

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
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model

 k independent variables
 k+1 beta parameters
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model

1
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model

2
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model

2 3
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model

2 3
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model
Linear Regression for Business Statistics
3. Inference Interpreting the estimated regression model

You might also like