Day: September 26, 2023
Assumptions Required in Multiple Linear Regression Analysis Using Ordinary Least Squares (OLS) Method
Multiple linear regression with the Ordinary Least Squares (OLS) method is one of the statistical techniques used to assess the influence of two or more independent variables on a dependent variable. The OLS method is carried out by minimizing the sum of squared errors between the model’s predictions and the actual values of the dependent variable.