What is Logistic Regression? Logistic regression is a statistical method to predict the probability of an event occurring by fitting the data to a logistic curve using logistic function. The regression analysis used for predicting the outcome of a categorical dependent variable, based on one or more predictor variables. The logistic function used to model […]
What is Stepwise Regression? Stepwise regression is a statistical method to automatically select regression models with the best sets of predictive variables from a large set of potential variables. There are different statistical methods used in stepwise regression to evaluate the potential variables in the model: Three Approaches to Stepwise Regression How to Use Minitab […]
What is Multiple Linear Regression? Multiple linear regression is a statistical technique to model the relationship between one dependent variable and two or more independent variables by fitting the data set into a linear equation. The difference between simple linear regression and multiple linear regression: Multiple Linear Regression Equation Where: Both dependent and independent variables […]
What is Simple Linear Regression? Simple linear regression is a statistical technique to fit a straight line through the data points. It models the quantitative relationship between two variables. It is simple because only one predictor variable is involved. It describes how one variable changes according to the change of another variable. Both variables need […]
