How To Run A Multiple Regression In Excel And Actually Understand The Results
BUSINESS INSIDERSara Silverstein
How To Run A Multiple Regression In Excel And Actually Understand The Results
VIDEO: It's easy to run a regression in Excel and you only need to understand a few data points to make sense of the results.
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The Excel file Major League Baseball provides data on the 2010 season. a. Construct and examine the correlation matrix. Is multicollinearity a potential problem? b. Suggest an appropriate set of independent variables that predict the number of wins by examining the correlation matrix. c. Find the best multiple regression model for predicting the number of wins. How good is your model? Does it use the same variables you thought were appropriate in part (b)? | Numerade
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The Excel file Major League Baseball provides data on the 2010 season. a. Construct and examine the correlation matrix. Is multicollinearity a potential problem? b. Suggest an appropriate set of independent variables that predict the number of wins by examining the correlation matrix. c. Find the best multiple regression model for predicting the number of wins. How good is your model? Does it use the same variables you thought were appropriate in part (b)? | Numerade
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