Simple Regression

Cynthia Fraser
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Cynthia Fraser: University of Virginia, McIntire School of Commerce

Chapter Chapter 5 in Business Statistics for Competitive Advantage with Excel 2019 and JMP, 2019, pp 95-133 from Springer

Abstract: Abstract Regression analysis is a powerful tool for quantifying the influence of a continuous, independent, driver x on a continuous dependent, performance variable y. Often we are interested in both explaining how an independent decision variable x drives a dependent performance variable y and also in predicting performance y to compare the impact of alternate decision variable x values. X is also called a predictor, since from x we can predict y. Regression allows us to do both: quantify the nature and extent of influence of a performance driver x and predict performance or response y from knowledge of the driver x.

Date: 2019
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DOI: 10.1007/978-3-030-20374-0_5

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