In order to introduce the concepts underlying multiple linear regression, it is necessary to be familiar with and understand the basic theory of simple linear regression on which it is based.
Linear regression is a powerful and long-established statistical tool that is commonly used across applied sciences, economics and many other fields. Linear regression considers the relationship ...
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It can be highly beneficial for companies to develop a forecast of the future values of some important metrics, such as demand for its product or variables that describe the economic climate. There ...
Goodness-of-fit statistics for general multiple-linear-regression equations are reviewed for the case of replicated responses. A modification of the coefficient of determination is recommended. This ...
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