A soft drink distributor wants to predict the amount of time (y) a delivery driver will take to service vending machines. The example used below is the delivery time data in the book. This is an excellent reference on linear regression analysis. The data and much of the information contained in this publication comes from the book “Introduction to Linear Regression Analysis” by Douglas Montgomery, Elizabeth Peck, and Geoffrey Vining. You may download a pdf copy of this publication at this link. Please feel free to leave a comment at the end of this publication. It also shows the regression output from the SPC for Excel software. This workbook shows how all the regression statistics used in this publication are calculated. You may download a workbook containing the example data and regression results used below at this link. The second part of this publication will focus on the different types of residuals and what they mean in regression analysis. These terms include R 2, PRESS, adjusted R 2, VIF, standardized coefficients and much more. This publication examines these regression statistics – what they mean and how do they help you understand how useful the model is. But software also has the capability to generate a lot of other regression statistics beyond the model – all designed to help decide how “good” the model is. Software makes it easy to run regression analysis. The predictor variables are the independent variables in statistical terms, while the response variable is the dependent variable. You end up with a model, which is an equation that describes the response variable in terms of the predictor variables. Linear regression is often used to build a model where one or more predictor variables (the Xs) can be used to predict the response variable (Y). Select this link for information on the SPC for Excel software.) Select “Publications” to go to the SPC Knowledge Base homepage. (Note: all the previous publications in the root cause category are listed on the right-hand side.
Understanding Regression Statistics – Part 1 Finalweb T07:54:10-06:00
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