Regression: Forecasting Using Explanatory Factors

53 Pages Posted: 21 Oct 2008

See all articles by Samuel E. Bodily

Samuel E. Bodily

University of Virginia - Darden School of Business

Sherwood C. Frey

University of Virginia - Darden School of Business

Phillip E. Pfeifer

University of Virginia - Darden School of Business

Robert L. Carraway

University of Virginia - Darden School of Business

Abstract

This comprehensive technical note explains linear regression. It is indended for students with no prior knowlede of the topic. It is devided into nine sections, which may be assigned separately: 1. The simple linear model, 2. Fitting the model using least squares, 3. Important properties of the least-squares regression line, 4. Summary regression statistics, 5. Assumptions behind the linear model, 6. Model-building philosopy, 7. Forecasting using the linear model, 8. Using dummy variables to represent categorical variables, and 9. Useful data transformations. The sections correspond to stand-alone notes also available through Darden Business Publishing.

Keywords: data analysis, regression analysis, statistical analysis

Suggested Citation

Bodily, Samuel E. and Frey, Sherwood C. and Pfeifer, Phillip E. and Carraway, Robert L., Regression: Forecasting Using Explanatory Factors. Darden Case No. UVA-QA-0693. Available at SSRN: https://ssrn.com/abstract=1284266

Samuel E. Bodily (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4813 (Phone)
434-293-7677 (Fax)

HOME PAGE: http://www.darden.virginia.edu/faculty/bodily.htm

Sherwood C. Frey

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

HOME PAGE: http://www.darden.virginia.edu/faculty/frey.htm

Phillip E. Pfeifer

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4803 (Phone)

HOME PAGE: http://www.darden.virginia.edu/faculty/Pfeifer.htm

Robert L. Carraway

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

HOME PAGE: http://www.darden.virginia.edu/faculty/carraway.htm

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