Flashcards in Round 2 Lecture 4 Deck (7)
A statistical technique used to measure the linear relationship between two or more rating or ratio-scaled variables (continuous variables)
Focus on the slope
- Ho: There is no relationship between sales and price
- Ha: There is a relationship between sales and price
What does the p-value tell us?
Multiple Regression Analysis
Y=β0 +β1X1 +β2 X2 +β3 X3
Multiple independent variables
Interpretation of regression coefficients
When to use Logistic Regression?
Logistic regression “...is similar to a linear regression model but is suited to models where the dependent variable is discrete/categorical”.
Method to use for continuous
Linear Regression (just covered in our class)
Method to use for Discrete (dichotomous)
Logistic Regression (Binary Logistic)