by Soumyadip Pal |
Previously, we have seen situations where an outcome (the dependent variable) is based on a single input variable (independent variable). Sadly, real life is rarely as simple. Most outcomes in real situations are affected by multiple input variables. To...
by Soumyadip Pal |
We have talked about regression models in the context of linear regression models in the previous post. A nonlinear regression model is one that describes a nonlinear relationship between the dependent and the independent variables. Naturally, the equation of the...
by Soumyadip Pal |
What is regression? In the dictionary, the word regression basically means ‘to go back’. In terms of statistics too, the meaning is not too different – it means ‘to go back to the past data to explain the process that generates the data’....