The Formal Ordinary Least Squares (OLS) Regression Model
Chapter 11 Preview
When you have completed reading this chapter you will be able to:
• Understand how software packages calculate the least squares regression estimate.
• Know the rule that every software package uses to choose the best regression estimate.
• Understand how R-square is calculated.
• Know how to use the Akaike Information Criterion (AIC) to choose independent variables correctly.
• Know how to use the Schwartz Criterion (SC) to choose independent variables correctly.
Introduction
You now have a good understanding of applied regression analysis. You can now do simple and sophisticated forms of regression. You know how to evaluate and interpret regression models. ...
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