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Linear Regression

Linear regression is a statistical method for predicting the value of a dependent variable based on the value of one or more independent variables. The dependent variable is what is being predicted, and the independent variables are what is used to do the predicting. For example, when predicting sales based on advertising expenditures, sales would be the dependent variable and advertising expenditures would be the independent variable. Simple linear regression involves using one independent variable to predict the value of one dependent variable, approximating their relationship with a straight line on a scatter plot.

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77 views2 pages

Linear Regression

Linear regression is a statistical method for predicting the value of a dependent variable based on the value of one or more independent variables. The dependent variable is what is being predicted, and the independent variables are what is used to do the predicting. For example, when predicting sales based on advertising expenditures, sales would be the dependent variable and advertising expenditures would be the independent variable. Simple linear regression involves using one independent variable to predict the value of one dependent variable, approximating their relationship with a straight line on a scatter plot.

Uploaded by

Allina Pongan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Linear Regression

In regression terminology, the variable being predicted is called the dependent variable. The variable or
variables being used to predict the value of the dependent variable are called the independent
variables.

For example, in analyzing the effect of advertising expenditures on sales, a marketing manager’s desire
to predict sales would suggest making sales the dependent variable. Advertising expenditure would be
the independent variable used to help predict sales.

In statistical notation, Y denotes the dependent variable, and X denotes the independent variable. The
simplest types of regression analysis involving one independent variable and one dependent variable in
which the relationship between the variables is approximated by a straight line. It is called simple linear
regression.

Now to illustrate, using the knowledge in data presentation using a graph in previous lesson, we are
going to plot and make a simple linear regression equation using excel. Also, watch the video presented
in the telegram (YouTube) on how to do linear on excel and follow the steps in order to come up with
the scatter diagram and graphical presentation and equation of the following:

Develop a scatter diagram, label properly the x and y axis, and develop a simple regression equation on
the following:

1. The following data were collected on the height (inches) and weight (pounds) of women
swimmers:

Height Weight
68 132
64 108
62 102
65 115
66 128

2. Brand and Model


Price ($) Rating
Precor 5.31 3700 87
Keys Fitness CG2 2500 84
Octane FitnessQ37e 2800 82
Life Fitness X1 Basic 1900 74
Nordick Track Audio Strider 990 1000 73
Schwinn 430 800 69
Vision Fitness X6100 1700 68
Pro Form XP 520 Razor 600 55
3. Miles Price
(1000s) ($1000s)

90 7.0
59 7.5
66 6.6
87 7.2
90 7.0
106 5.4
94 6.4
57 7.0
138 5.1
87 7.2

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