Regression techniques and their Applications Motivation Regression is a statistical measurement used to determine the strength of the relationship between one dependent variable (usually denoted by Y) and a series of other changing variables (known as independent variables). The most well known statistic of regression is R2 (R Square). During modeling a Regression problem, the following points need to be carefully considered : Choice of dependent and regressor variable. The omitted variable Stability of regression Choice of relation to be […]
