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The Learning Curve: Important Terms To Know

Regression analysis is used to determine the relationship between variables. Key terms in regression include p-values and coefficients, which are used to interpret statistical significance and the strength of relationships, respectively. R-squared and adjusted R-squared indicate how well the regression model fits the data. Other important concepts are standard error, outliers, multicollinearity, heteroscedasticity, and overfitting, which should be addressed to perform valid regression analysis.

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20 views

The Learning Curve: Important Terms To Know

Regression analysis is used to determine the relationship between variables. Key terms in regression include p-values and coefficients, which are used to interpret statistical significance and the strength of relationships, respectively. R-squared and adjusted R-squared indicate how well the regression model fits the data. Other important concepts are standard error, outliers, multicollinearity, heteroscedasticity, and overfitting, which should be addressed to perform valid regression analysis.

Uploaded by

meajagun
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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The Learning Curve

Regression & Terminologies


Regression is a statistical method/algorithm used across different disciplines in trying to
determine the strength of the relationship between one target/dependent/response variable
(denoted by Y) and either one or multiple predictor/independent/explanatory variables (denoted
by X).

The Lingo and most common terms used in regression analysis are very important to know in
order to help to properly understand and interpret a regression analysis.

Important Terms to Know


P-values & Coefficients
How to Interpret P-values and Coefficients in Regression Analysis
https://statisticsbyjim.com/regression/interpret-coefficients-p-values-regression/

R-Squared
How To Interpret R-squared in Regression Analysis
https://statisticsbyjim.com/regression/interpret-r-squared-regression/

Adjusted R-Squared
How to Interpret Adjusted R-Squared and Predicted R-Squared in Regression Analysis
https://statisticsbyjim.com/regression/interpret-adjusted-r-squared-predicted-r-squared-regression/

Standard Error
Standard error of the regression
https://statisticsbyjim.com/glossary/standard-error-regression/

Outliers
Guidelines for Removing and Handling Outliers in Data
https://statisticsbyjim.com/basics/remove-outliers/

Multicollinearity
Multicollinearity in Regression Analysis: Problems, Detection, and Solutions
https://statisticsbyjim.com/regression/multicollinearity-in-regression-analysis/

Heteroscedasticity
Heteroscedasticity in Regression Analysis
https://statisticsbyjim.com/regression/heteroscedasticity-regression/

Overfitting
Overfitting Regression Models: Problems, Detection, and Avoidance
https://statisticsbyjim.com/regression/overfitting-regression-models/

creators: @Ebinbin Ajagun - @Oluwatosin - @Toxylee - @Sarumi Bolatito - @Uzodimma - @Ilufoyehabib

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