Volver a Linear Regression for Business Statistics

4.8

587 calificaciones

•

93 revisiones

Regression Analysis is perhaps the single most important Business Statistics tool used in the industry. Regression is the engine behind a multitude of data analytics applications used for many forms of forecasting and prediction.
This is the fourth course in the specialization, "Business Statistics and Analysis". The course introduces you to the very important tool known as Linear Regression. You will learn to apply various procedures such as dummy variable regressions, transforming variables, and interaction effects. All these are introduced and explained using easy to understand examples in Microsoft Excel.
The focus of the course is on understanding and application, rather than detailed mathematical derivations.
Note: This course uses the ‘Data Analysis’ tool box which is standard with the Windows version of Microsoft Excel. It is also standard with the 2016 or later Mac version of Excel. However, it is not standard with earlier versions of Excel for Mac.
WEEK 1
Module 1: Regression Analysis: An Introduction
In this module you will get introduced to the Linear Regression Model. We will build a regression model and estimate it using Excel. We will use the estimated model to infer relationships between various variables and use the model to make predictions. The module also introduces the notion of errors, residuals and R-square in a regression model.
Topics covered include:
• Introducing the Linear Regression
• Building a Regression Model and estimating it using Excel
• Making inferences using the estimated model
• Using the Regression model to make predictions
• Errors, Residuals and R-square
WEEK 2
Module 2: Regression Analysis: Hypothesis Testing and Goodness of Fit
This module presents different hypothesis tests you could do using the Regression output. These tests are an important part of inference and the module introduces them using Excel based examples. The p-values are introduced along with goodness of fit measures R-square and the adjusted R-square. Towards the end of module we introduce the ‘Dummy variable regression’ which is used to incorporate categorical variables in a regression.
Topics covered include:
• Hypothesis testing in a Linear Regression
• ‘Goodness of Fit’ measures (R-square, adjusted R-square)
• Dummy variable Regression (using Categorical variables in a Regression)
WEEK 3
Module 3: Regression Analysis: Dummy Variables, Multicollinearity
This module continues with the application of Dummy variable Regression. You get to understand the interpretation of Regression output in the presence of categorical variables. Examples are worked out to re-inforce various concepts introduced. The module also explains what is Multicollinearity and how to deal with it.
Topics covered include:
• Dummy variable Regression (using Categorical variables in a Regression)
• Interpretation of coefficients and p-values in the presence of Dummy variables
• Multicollinearity in Regression Models
WEEK 4
Module 4: Regression Analysis: Various Extensions
The module extends your understanding of the Linear Regression, introducing techniques such as mean-centering of variables and building confidence bounds for predictions using the Regression model. A powerful regression extension known as ‘Interaction variables’ is introduced and explained using examples. We also study the transformation of variables in a regression and in that context introduce the log-log and the semi-log regression models.
Topics covered include:
• Mean centering of variables in a Regression model
• Building confidence bounds for predictions using a Regression model
• Interaction effects in a Regression
• Transformation of variables
• The log-log and semi-log regression models...

Dec 21, 2017

I have found Course 3 and 4 of this specialization to be challenging, but rewarding. It has helped me build confidence that I can do just about anything with data provided to increase positive impact.

Jul 12, 2019

I learned a lot.I gain confidence in analyzing data in Excel.I am happy that I have successfully completed it with simple understanding given on each topic.It was great help.Thank you very much

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por Priyank G

•Jan 06, 2018

Amazing !! The concepts were explained with clarity which have immediate applicability. Can't wait to apply them into my organisation.

por MONTCHO H M

•Jul 25, 2018

interesting course

por Victor W

•Apr 21, 2019

Very good course for people of all backgrounds and experience levels in the topic! If you are new to regression or familiar with it I highly recommend it.

por Vitalii S

•Apr 26, 2019

practical

por jittu s

•May 16, 2019

great course

por shwetamehna

•Jun 19, 2019

I like this course. You need to study this course if you want basic understanding of Statistics because Statistics is base need of analytical field. And instructor explained each and every team in a very simple way. Thanks a lot Professor.

por Lalit G

•Aug 05, 2019

Awesome course...Very interesting to learn.

por EDILSON S S O J

•May 31, 2019

Nice course!

por Ayush B

•Aug 12, 2019

Excellent course for beginners

por shikha

•Aug 28, 2019

Very informative, well designed course. The flow of the course was set in such a way that you easily cruise through it. Thoroughly enjoyed learning. Highly recommended.

por Camilo S

•Jul 14, 2019

Extraordinary course! Great presentations, great contents, usefull exercises and applications

por SUSHMITA U D

•Jul 12, 2019

I learned a lot.I gain confidence in analyzing data in Excel.I am happy that I have successfully completed it with simple understanding given on each topic.It was great help.Thank you very much

por Shirish G

•Sep 12, 2019

Thoroughly explained Linear regression in very simple format.

por Andrew A

•Sep 14, 2019

Mr. Bodle presents the material in a very organized and understandable fashion. Well worth the time taking this class.

por Tori G

•Oct 06, 2019

I thoroughly enjoyed this course. The instructors were very clear and concise thereby making the course easy to follow and understand.

por flavio e d s

•Dec 03, 2019

Curso muito bom, aprendi muitos conceitos, o curso é bastante voltado para interpretação dos resultados, fiz algumas analises no trabalho aplicando os conceitos que aprendi, recomendo bastante.

por Michael H

•Nov 17, 2019

This was the most useful and insightful class in the specialization so far, at least for me and what I was looking to get out of these courses

por Solicia X

•Nov 21, 2019

Had a better understanding on regression.

por Colin P

•May 03, 2018

I found this course the most challenging of the courses in this certificate program, but also the most interesting b/c it the info. can be applied to real world scenarios. Though I do feel I know "enough to be dangerous". There is a lot of depth to linear regression techniques, which this course doesn't cover. But it did open my eyes to the power and possibilities of using linear regression techniques on real world problems.

por Jacob C

•Apr 08, 2017

The exercises included help a lot in practically understanding the matter. I did not find that in other courses and it was a miss.

por Kim K

•Aug 08, 2018

Rigorous and rewarding when you put the work in.

por Prince N X

•Jun 07, 2017

The course was very informative and I have learnt a lot.

por Suriya N

•Apr 01, 2018

Really liked the course!!!

por Yaron K

•Apr 13, 2017

An in depth explanation of how to use Excel for Linear Regression and what the Output values in Excel's Regression mean. Note that the transcripts/subtitles contain many errors, which can be problematical for the hard of hearing or non English speakers, which is why I gave the course only 4 points.

por Andrew A

•Jul 02, 2018

Overall a good course that cultivates skills in precise use of regression, data handling and understanding of applied business modelling problems.

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