August 2011
Beginner to intermediate
202 pages
5h 45m
English
Content preview from Business Applications of Multiple Regression
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MODEL BUILDING 123
None of these four methods for building a model guarantees that we
will find the one best model. Because the order of testing can make a dif-
ference, it is possible, though not likely, that changing the order in which
the variables are entered into the computer will change the results.
Model Building Using Excel
Unfortunately, Excel is not able to automate, or even easily perform,
any of the four model- building approaches discussed previously. For
this reason, it is always best to work with a dedicated statistics package
when trying to develop complex multiple regression models. However,
not everyone has access to a dedicated statistics package, as they can be
expensive and difficult to use.
To compensate ...
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