Synonyms
Cross-sectional regression; Linearization; Pooling linear regression; Time series regression
The main objective of regression analysis is to develop an equation showing how the variables are linked. The predicted variable is called the dependent variable and is noted by y.
The variables used to forecast the value of the dependent variable are referred to as the independent variables and are designated by x.
Regression is likely the most important tool at the disposal of the econometrician.
Definition of Linear Regression Analysis
Linear regression is used to explore the extent to which a variable or set of variables may predict a dependent variable. In addition, linear regression also provides results in terms of the significance of the predictor variables as well as the magnitude (estimated coefficient value) and sign of relationship (negative or positive estimated coefficient sign).
Linear regression involves describing and assessing the relationship between a given variable...
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Kasmaoui, K. (2019). Linear Regression. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_478-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_478-1
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