The next time you cover this topic, consider teaching students how to perform a simple linear regression analysis in Excel. Below is an example screenshot illustrating 12 months of cost data for a ...

Simple linear regression is commonly used in forecasting and financial analysis—for a company to tell how a change in the GDP could affect sales, for example.

A simple regression model, or equation, consists of four terms. On the left side is the dependent variable. It represents the phenomenon the model seeks to "explain." ...

Course TopicsLinear models, generalized linear models, and nonlinear models are examples of parametric regression models because we know the function that describes the relationship between the ...