Tag: Linear regression
Dummy Variables: A Solution for Categorical Variables in OLS Linear Regression
If you’re analyzing data using OLS linear regression, there are certain assumptions you need to meet. The purpose of these assumption tests is to ensure that the estimation results are consistent and unbiased.
The Difference Between Residual and Error in Statistics
For those of you who are learning statistics, you’ve probably come across theories explaining the concepts of residual and error. At first glance, they seem almost identical, and many people even think they mean the same thing. However, in statistics, residual and error actually have different meanings.
How to Create Dummy Variables in Multiple Linear Regression Analysis
For those of you conducting multiple linear regression analysis, have you ever used dummy variables? These variables are very useful when we want to include categorical variables in a multiple linear regression equation.
How to Automatically Display Residual Values in Regression Analysis Using Excel
Residual values play an important role in linear regression analysis. These residuals are used for OLS assumption tests, such as normality tests and heteroskedasticity tests. For instance, one of the key assumptions in linear regression analysis is that the residuals are normally distributed.
The Impact of Residual Variance on P-Value in Regression Analysis
When conducting linear regression analysis on your research data, you naturally hope that some independent variables significantly affect the dependent variable. Achieving this indicates that you’ve successfully selected independent variables that are presumed to influence the dependent variable.
How to Analyze Heteroskedasticity in Linear Regression Using R Studio
Heteroskedasticity testing is an assumption test in linear regression using the OLS method to ensure that the residual variance is constant. A constant residual variance is referred to as homoskedasticity.
How to Perform Multiple Linear Regression Analysis on Time Series Data Using R Studio
Multiple linear regression analysis on time series data, along with its assumption tests, can be performed using R Studio. In a previous article, I explained how to conduct multiple linear regression analysis and assumption tests for cross-sectional data.
How to Perform Multiple Linear Regression Analysis Using R Studio: A Complete Guide
Multiple linear regression analysis requires commands to be executed in R Studio. Given the importance of understanding how to analyze and interpret multiple linear regression using R Studio, Kanda Data will write an article discussing this topic.