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Bivariate Regression
Regression analysis is a powerful and commonly used tool in business research. One important step in regression is to determine the dependent and independent variable(s).
In a bivariate regression, which variable is the dependent variable and which one is the independent variable?
What does the intercept of a regression tell? What does the slope of a regression tell?
What are some of the main uses of a regression?
Provide an example of a situation wherein a bivariate regression would be a good choice for analyzing data.
Justify your answers using examples and reasoning.
Types of Regression Analyses
There are two major types of regression analysisâ€â€simple and multiple regression analysis. Both types consist of dependent and independent variables. Simple linear regression has two variablesâ€â€dependent and independent. Multiple regression consists of dependent variable and two or more independent variables.
How does a multiple regression compare with a simple linear regression?
What are the various ways to determine what variables should be included in a multiple regression equation?
Compare and contrast the following processes: forward selection, backward elimination, and stepwise selection.
Justify your answers using examples and reasoning.
In a bivariate regression, which variable is the dependent variable and which one is theindependent variable?Bivariate regression is the simplest form of regression with one dependent variable…
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