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Business Statistics, Second Edition
book

Business Statistics, Second Edition

by J. K. Sharma
November 2006
Intermediate to advanced content levelIntermediate to advanced
744 pages
29h 18m
English
Pearson India
Content preview from Business Statistics, Second Edition

Chapter 14

Regression Analysis

LEARNING OBJECTIVES

After studying this chapter, you should be able to

  • use simple linear regression for building models to business data.

  • understand how the method of least squares is used to predict values of a dependent (or response) variable based on the values of an independent (or explanatory) variable.

  • measure the variability (residual) of the dependent variable about a straight line (also called regression line) and examine whether regression model fits to the data.

The cause is hidden, but the result is known.

—Ovid

I never think of the future, it comes soon enough.

—Albert Einstein

14.1 INTRODUCTION

In Chapter 13 we introduced the concept of statistical relationship between two variables such as: ...

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Publisher Resources

ISBN: 9789332503434