Regression analysis is a powerful and commonly used tool

Assignment Help Business Management

Reference no: EM13708254

Bivariate Regression

Regression analysis is a powerful and commonly used tool in business research. One important step in regression is to determine the dependent and independent variable(s).

In a bivariate regression, which variable is the dependent variable and which one is the independent variable?

What does the intercept of a regression tell? What does the slope of a regression tell?
What are some of the main uses of a regression?

Provide an example of a situation wherein a bivariate regression would be a good choice for analyzing data.

Justify your answers using examples and reasoning.

Types of Regression Analyses

There are two major types of regression analysis—simple and multiple regression analysis. Both types consist of dependent and independent variables. Simple linear regression has two variables—dependent and independent. Multiple regression consists of dependent variable and two or more independent variables.

How does a multiple regression compare with a simple linear regression?
What are the various ways to determine what variables should be included in a multiple regression equation?
Compare and contrast the following processes: forward selection, backward elimination, and stepwise selection.

Justify your answers using examples and reasoning.

Bivariate Regression

Regression analysis is a powerful and commonly used tool in business research. One important step in regression is to determine the dependent and independent variable(s).

In a bivariate regression, which variable is the dependent variable and which one is the independent variable?

What does the intercept of a regression tell? What does the slope of a regression tell?
What are some of the main uses of a regression?

Provide an example of a situation wherein a bivariate regression would be a good choice for analyzing data.

Justify your answers using examples and reasoning.

Types of Regression Analyses

There are two major types of regression analysis-simple and multiple regression analysis. Both types consist of dependent and independent variables. Simple linear regression has two variables-dependent and independent. Multiple regression consists of dependent variable and two or more independent variables.

How does a multiple regression compare with a simple linear regression?
What are the various ways to determine what variables should be included in a multiple regression equation?
Compare and contrast the following processes: forward selection, backward elimination, and stepwise selection.

Justify your answers using examples and reasoning.

Reference no: EM13708254

Questions Cloud

Discussion of marketing skimming and marketing : A big paper to write 1,200 words. How does the stage of a product's life cycle affect price? You may include a discussion of marketing skimming and marketing penetration pricing strategies for new products.

The event & then relied upon to deal immediately : The possibility of such a happening should have been foreseen from a simple risk management process involving answers on a) probability, b) severity c) controls 2. Each business should have had a crisis & business continuity plan that had b..

Calculate the future value of an annuity stream : Calculate the future value of an annuity stream and calculate the expected rate of return for each stock separately.

Correlation simple linear and multiple regression analysis : Multiple regression analysis is widely used in business research in order to forecast and predict purposes. It is also used to determine what independent variables have an influence on dependent variables, such as sales.

Regression analysis is a powerful and commonly used tool : Regression analysis is a powerful and commonly used tool in business research. One important step in regression is to determine the dependent and independent variable(s).In a bivariate regression, which variable is the dependent variable and whi..

Create a detailed class design for two of your classes : Use CASE tool to create a detailed class design for two of your classes. Discuss the use cases, detailed class design(attributed, operations, and algorithms)and sequence diagram used for your class design decisions.

De-cipher the message using vigenere cipher analysis tool : Using statistical analysis only on Caesar cipher, decrypt this cipher. Show your work in detail. Do not use brute force - De-cipher the following message using Vigenere Cipher analysis tool

What is the final total enthalpy of the water : A liquid/vapor H2O mixture with 9.1 lb-m and a pressure of 1000 psia is heated at constant pressure until the temp is 600ºF. What is the final total enthalpy of the water, in BTUs?

Determine the final temperature in the cylinder : A vertical piston-cylinder device, which is insulated, initially contains 15 kg of water, 9 kg of which is in the vapor phase. The pressure inside the cylinder is maintained constant at 0.3 MPa by mass of the piston. Now steam at 0.8 MPa and 500 °C i..

User Account

All Pages