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Teaching Basic Modeling Skills Using Real Data Steven Gordon Senior Director of Education  and Client Services [email_address]
Goals of the Session ,[object Object],[object Object],[object Object]
Measuring the Strength of a Relationship ,[object Object],[object Object],[object Object],[object Object],[object Object]
Linear Regression ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
[object Object],[object Object],[object Object],[object Object]
Using Excel for Regression Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Do a Correlation Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Do a Regression ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Interpreting Regression Outputs in Excel 37.6 percent of variance explained after adjusting for degrees of freedom
More interpretation Significance of the equation.  Probability of a false positive is less than 0.004 %
Coefficients and Their Significance ,[object Object],Significance of individual coefficients
Fitting Non-Linear Data ,[object Object],[object Object],[object Object],[object Object]
Potential Errors ,[object Object],[object Object],[object Object],[object Object],[object Object]
Exercise Using Real Data

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