Linear regression is a type of data analysis that considers the linear relationship between a dependent variable and one or more independent variables. It is typically used to visually show the ...

When teaching cost behavior in a managerial or cost accounting course, we explain that there are various methods a company can use to estimate its fixed and variable costs, including regression ...

When multiple variables are associated with a response, the interpretation of a prediction equation is seldom simple.

The statistical literature and folklore contain many methods for handling missing explanatory variable data in multiple linear regression. One such approach is to incorporate into the regression model ...

As in Excel, we can manually remove explanatory variables one-by-one until we have a model in which all the explanatory variables are significant. This is the essence of data-driven (versus theory ...