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Microsoft Excel Data Analysis and Business Modeling (Office 2021 and Microsoft 365), 7th Edition
book

Microsoft Excel Data Analysis and Business Modeling (Office 2021 and Microsoft 365), 7th Edition

by Wayne Winston
December 2021
Beginner to intermediate
1168 pages
30h 17m
English
Microsoft Press
Content preview from Microsoft Excel Data Analysis and Business Modeling (Office 2021 and Microsoft 365), 7th Edition

Chapter 53

Modeling nonlinearities and interactions

Questions answered in this chapter:

  • What does it mean when we say that an independent variable has a nonlinear effect on a dependent variable?

  • What does it mean when we say that the effects of two independent variables on a dependent variable interact?

  • How can I test for the presence of nonlinearity and interaction in a regression?

Answers to this chapter’s questions

What does it mean when we say that an independent variable has a nonlinear effect on a dependent variable?

An independent variable often influences a dependent variable through a nonlinear relationship. For example, if you try to predict your product sales using an equation such as Sales = 500 – 10 * Price, the price influences ...

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Publisher Resources

ISBN: 9780137613816