Part 2. Regression Analysis Flashcards
1
Q
What is regression analysis?
A
Analysis of statistical relationship among variables.
2
Q
What is R2?
A
Coefficient indicating goodness of fit.
3
Q
What is OLS?
A
Ordinary least squares
The method for finding the model with the best fit. It minimizes errors associated with predicting Y.
4
Q
What is collinearity?
A
Independent variable that depends on another variable.
5
Q
What is R2 adjusted?
A
R2 adjust compensates for the number of variables to avoid overfitting.
