Multiple Regression and Prediction Flashcards
What are the two types of covariates?
Continuous and Factor
Describe continuous covarites?
Each slope coefficient relates to the expected change in density for a one unit increase in the covariates
The intercept coefficient relates to the expected density when all covariates are equal to zero
Describe factor covarites?
Fitting variables as factors permits the response to vary with the covarities in a non-linear way
Typically fitted using treatment constraints, one level of the factor variable forms the baseline and the remaining levels of the factor has corresponding coefficients
What are the degrees of freedom for confidence intervals?
N-P-1 where P is the number of explanatory variables fitted in the model, N is the total number of observations
Adjusted Square Formula
1 - ((N-1)(1-R^2)/N-P-1)
What does an adjusted R^2 closer to 1 indicate?
Better Predictive Power
What is extrapolation?
Predicting for combinations of covariates that did not actually occur in the data