Regression Analysis

Definition

Regression analysis is a statistical technique used to model the relationship between one dependent variable and one or more independent variables. It helps determine how changes in the independent variables are associated with changes in the dependent variable.

Related terms

Correlation Coefficient: The correlation coefficient measures the strength and direction of the linear relationship between two variables.

Multiple Regression: Multiple regression is an extension of simple regression that involves more than one independent variable to predict a dependent variable.

Residual Analysis: Residual analysis involves examining patterns or trends in residuals to assess if they meet assumptions required for regression analysis validity.