0
y(i) = a + b1.x1(i) + b2.x2(i) + b3.x3(i) + ... + bk.xk(i) + e(i)where i = 1, 2, ... n are n observations of
the independent variables x1, x2, ... xk,
y is the dependent variable
a and the b are regression parameters.
The e are independent, identically distributed random variables (representing the error).
Still curious? Ask our experts.
Chat with our AI personalities
Judy
Ross
LaoAdd your answer:
Earn +20 pts
What is the difference between the logistic regression and regular regression?
in general regression model the dependent variable is continuous and independent variable is discrete type. in genral regression model the variables are linearly related. in logistic regression model the response varaible must be categorical type. the relation ship between the response and explonatory variables is non-linear.
What are some of the advantages and disadvantages of making forecasts using regression methods?
+ Linear regression is a simple statistical process and so is easy to carry out. + Some non-linear relationships can be converted to linear relationships using simple transformations. - The error structure may not be suitable for regression (independent, identically distributed). - The regression model used may not be appropriate or an important variable may have been omitted. - The residual error may be too large.
What can you conclude if the global test of regression does not reject the null hypothesis?
You can conclude that there is not enough evidence to reject the null hypothesis. Or that your model was incorrectly specified. Consider the exact equation y = x2. A regression of y against x (for -a < x < a) will give a regression coefficient of 0. Not because there is no relationship between y and x but because the relationship is not linear: the model is wrong! Do a regression of y against x2 and you will get a perfect regression!
What is multiple and partial correlation?
multiple correlation: Suppose you calculate the linear regression of a single dependent variable on more than one independent variable and that you include a mean in the linear model. The multiple correlation is analogous to the statistic that is obtainable from a linear model that includes just one independent variable. It measures the degree to which the linear model given by the linear regression is valuable as a predictor of the independent variable. For calculation details you might wish to see the wikipedia article for this statistic. partial correlation: Let's say you have a dependent variable Y and a collection of independent variables X1, X2, X3. You might for some reason be interested in the partial correlation of Y and X3. Then you would calculate the linear regression of Y on just X1 and X2. Knowing the coefficients of this linear model you would calculate the so-called residuals which would be the parts of Y unaccounted for by the model or, in other words, the differences between the Y's and the values given by b1X1 + b2X2 where b1 and b2 are the model coefficients from the regression. Now you would calculate the correlation between these residuals and the X3 values to obtain the partial correlation of X3 with Y given X1 and X2. Intuitively, we use the first regression and residual calculation to account for the explanatory power of X1 and X2. Having done that we calculate the correlation coefficient to learn whether any more explanatory power is left for X3 to 'mop up'.
What is the difference between classical regression analysis and spatial regression analysis?
how can regression model approach be useful in lean construction concept in the mass production of houses
