News

Linear Regression vs. Multiple Regression Example Consider an analyst who wishes to establish a relationship between the daily change in a company's stock prices and the daily change in trading ...
Least squares regression line example Suppose we wanted to estimate a score for someone who had spent exactly 2.3 hours on an essay. I’m sure most of us have experience in drawing lines of best fit, ...
In this example, you’re using simple linear regression, since you’re working with just one independent variable: car age.
Linear regression is a statistical method used to understand the relationship between an outcome variable and one or more explanatory variables. It works by fitting a regression line through the ...
Logistic regression is a technique used to make predictions in situations where the item to predict can take one of just two possible values. For example, you might want to predict the credit ...
Regression analysis can also show you if there is no relationship between variables. For example, you could discover that money spent on website ads increases sales but newspaper ads have no effect.
Linear regression can be used to analyze risk. For example, a health insurance company might conduct a linear regression plotting number of claims per customer against age and discover that older ...
Logistic regression is a technique used to make predictions in situations where the item to predict can take one of just two possible values. For example, you might want to predict the credit ...