OLS Regression: The Basics

Walter R. Paczkowski
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Walter R. Paczkowski: Data Analytics Corp.

Chapter Chapter 6 in Business Analytics, 2021, pp 161-188 from Springer

Abstract: Abstract A major part of Business Data Analytics focuses on understanding relationships and then using them to predict most likely outcomes of business decisions. An example of the former is a price elasticity used for repricing an existing product or setting the initial price for a new one. In either case, the elasticity is calculated based on the relationship between price and quantity, allowing for other factors such as income levels, seasons of the year, geographic locations, and so forth.

Date: 2021
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DOI: 10.1007/978-3-030-87023-2_6

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