Regression Analysis, ANOVA, Cluster, and Chi-Square
Posted by admin on Feb 20, 2025 in Applied Statistics | 0 comments
Regression Analysis Exercises
Key Concepts in Regression Analysis:
Formula (Coefficients): Y = b0 + b1X1 + b2X2 + …
- Coefficients:
- b0: If we don’t take into consideration the independent variables (X), the average of Y will be b0.
- b1: For each additional unit of X, the average of Y will increase by b1.
- P-value: (If p < 0.05, low risk, statistically significant): This parameter is statistically significant for a given % level of probability.
- Lower 95%: We are 95% sure the coefficient will be between
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