4Multiple Linear Regression

In the News

Representative Business Problems

Preview of End Result

Looking Inside the Black Box: How the Algorithm Works

Example 1: Housing Prices

Applying the Business Analytics Process

Summary

Example 2: Bank Revenues

Applying the Business Analytics Process

Summary

Exercises

References

In the News

These days our entire lives revolve around predictions. Government departments project the cost of health exchanges, the rate of economic growth, next year’s crop yields, the future birth rate and the arms buildup of unfriendly countries. Websites and retailers anticipate what we want to find and buy; oil companies gauge the best sites for drilling; pharmaceutical companies assess the probable efficacy of molecules on a ...

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