Solution-What variables might explain or predict an outcome

What variables might explain or predict an outcome

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Question: Regression

At times we can generate a regression equation to explain outcomes. For example, an employee's salary can often be explained by their pay grade, appraisal rating, education level, etc. What variables might explain or predict an outcome in your department or life? If you generated a regression equation, how would you interpret it and the residuals from it?

REFERENCE

Tanner, D. E., & Youssef-Morgan, C. M. (2013). Statistics for managers

Chapter 8: Correlation

Chapter 9: Simple Regression: Predicting One Variable From Another

Chapter 10: Multiple Regression: Using More Than One Predictor

Chapter 11: Confidence Intervals ?Read Section 11.3: The Confidence Interval of the Prediction only.

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Provides a brief explanation of regression model and its implications in real world situations

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What variables might explain or predict an outcome

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