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Regression Analysis Q A

This document contains questions and answers about regression analysis based on hands-on cards in Python's Statsmodels library. It addresses topics like estimating coefficients, standard errors, R-squared values, and number of observations from an OLS regression, as well as correlation between independent variables, P-values, and other regression concepts. All questions are multiple choice and include the correct answer.

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Ankur Singh
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124 views2 pages

Regression Analysis Q A

This document contains questions and answers about regression analysis based on hands-on cards in Python's Statsmodels library. It addresses topics like estimating coefficients, standard errors, R-squared values, and number of observations from an OLS regression, as well as correlation between independent variables, P-values, and other regression concepts. All questions are multiple choice and include the correct answer.

Uploaded by

Ankur Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Regression Analysis Q&A

Published by careers On 23 May 2020 Leave a response

Based on the hands on card “ OLS in Python Statsmodels” What is the value of the
estimated coef for variable RM ?
9.1021 — Correct

Based on the hands on card “ OLS in Python Statsmodels”What is the value of the
constant term ?
-34.6706 — Correct

Based on the hands on card “ OLS in Python Statsmodels” What is the adjusted R
sq value ?
0.483 — Correct

Based on the hands on card “ OLS in Python Statsmodels” What is the value of R
sq ?
0.484 — Correct

Based on the hands on card “ OLS in Python Statsmodels” How many observations
are there in the dataset ?
506 — Correct

Based on the hands on card “MLR Hands On” Perform a correlation among all the
independent variables . What is the correlation between variables NOX and DIS ?
-0.76923 — Correct

Based on the hands on card “MLR Hands On” What is the P>|t| value for the
‘INDUS’ variable ?
0.731 — Correct

Based on the hands on card “MLR Hands On” What is the standard error for the
constant term ?
5.104 — Correct

Based on the hands on card “MLR Hands On” What is the value of the estimated
coef for the constant term ?
36.4911 — Correct

Based on the hands on card “MLR Hands On” what is the value of R sq ?
0.741 — Correct

Regression can show causal relationship between two variables.


False — Correct

In Multi Variable regression you predict one variable using more than one
variable
True — Correct

The SSE depends on the number of observations in the data set


True — Correct

__ means predicting one variable from another.


Regress — Correct

What is the process of removing the mean and dividing the value by the standard
deviation
Standatdization — Correct

__ is a unit less quantity

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R Square — Correct

When two or more variables are correlated in a Multiple Regression Model , it is


called as __
Multi Collinearity — Correct

What is the process of rescaling the values in the range [0,1]


Normalization — Correct

What is the formula for root means square error ?


sqrt(SSE/n) — Correct

It is advised to omit a term that is highly correlated with another while


fitting a Multiple Regression Model
True — Correct

When more variables are added in Multi Variable Regression the marginal
improvement decreases as each variable is added. This term is called ?
Law of Diminishing Returns — Correct

R Square Value can be greater than zero


False — Correct

Arithmetic Mean can be used as a prediction measure.


True — Correct

What is the sum of standard error for the baseline model ?


SST — Correct

SSE is _ for the Line of Best Fit and _ for the baseline model
Small , Big — Correct

It is advised to go for a simpler model while fitting multiple regression for a


dataset
True — Correct

What is the term that represents the difference between actual and predicted
value called ?
Residual — Correct

What is the basic property of the model of best fit ?


Minimize Error — Correct

By adding multiple variables in Multi Variable Regression , the model accuracy _


Increases — Correct

Sum of Squared error is a measure of standard for a Regression Line


True — Correct

What is the good range of correlation values to include in the regression model
-0.7 to + 0.7 — Correct

What is the quantity that measures the strength of relationship between two
variables ?
Correlation — Correct

pr(>|t|) term signifies how likely the estimated value is zero


True — Correct

It is OK to discard theoretical considerations for Statistical Measures


False — Correct

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