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Monthly Archives: September, 2023

How to Interpret Dummy Variables in Ordinary Least Squares Linear Regression Analysis

Dummy variables, which have non-parametric measurement scales, can be used in specifying linear regression equations. The linear regression equation I'm referring to here is...

Coefficient of Determination and How to Interpret it in Linear Regression Analysis

The coefficient of determination in linear regression analysis is crucial in understanding how well the independent variables explain the dependent variable. In linear regression...

Natural Logarithm Transformation in Cobb-Douglas Regression

The Cobb-Douglas production function is often referred to as an exponential production function. Researchers have widely used this Cobb-Douglas production function to empirically analyze...

How to Analyze Correlation of Variables Measured Using Likert Scale

Correlation analysis is the chosen method when conducting research to understand the relationship between variables. Correlation analysis in statistics can take the form of...

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