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11 Useful Tips for Regression Analysis

11 Useful Tips for Regression Analysis

55mIntermediate2021-01-04

Authors

Franz Buscha

Franz Buscha

Professor of Economics at the University of Westminster

Course details

If you need to sort through information to gain insights or make data-driven decisions, regression analysis is a helpful tool in almost any circumstance. On the most basic level, regression analysis reveals relationships between a dependent variable and a collection of independent variables in a fixed dataset. This is crucial for predicting and forecasting, and also helpful for inferring causal relationships between variables. In this course, Franz Buscha moves beyond the basics, showcasing several prominent tips and tricks that will allow you to not only build better regression models, but also present your results in a more impactful way. Through use of practical examples, Franz covers topics like weighted regressions, polynomial variables, and how to deal with missing data in your regression models.

Skills covered

Tips, Tricks, & TechniquesData AnalysisData ScienceBusiness Analysis and StrategyBusiness Software and Tools

Concepts

0. Introduction

  • 01 - Diving deeper into regression models
  • 02 - What you should know

1. Regression Tips and Tricks

  • 03 - Weighted regression
  • 04 - Factor variables
  • 05 - Polynomial variables
  • 06 - Fractional variables
  • 07 - Model proportions
  • 08 - Centering
  • 09 - Missing data
  • 10 - Standardized estimates
  • 11 - Graph estimates
  • 12 - Contour plots
  • 13 - Animate results

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