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European Students of Industrial Engineering and Management
www.estiem.org
Regression Analysis
for publication
1
European Students of Industrial Engineering and Management
www.estiem.org
It’s Feedback time!
2
Persons giving feedback
Link to the feedback form
(can be found on Schoology and
WhatsApp)
Instructor to give feedback toPersons giving feedback
INSTRUCTOR 1
INSTRUCTOR 2
European Students of Industrial Engineering and Management
www.estiem.org
What is Regression Analysis?
3
European Students of Industrial Engineering and Management
www.estiem.org
Regression Analysis
4
How the change in X affects
the Y measure?
E.g. temperature of the oven (X),
Baking time of bread (Y)
European Students of Industrial Engineering and Management
www.estiem.org
What practical examples there
could be for the
Regression Analysis?
5
European Students of Industrial Engineering and Management
www.estiem.org
Hostel situation in Europe
6
Y measure: satisfaction
x factors:
• Number of showers/toilets
• Number of roommates
• Snoring level
• Privacy
• …
European Students of Industrial Engineering and Management
www.estiem.org
Regression Analysis can be used to
7
Find the optimal
value for X
Prediction
Choose the
vital X’s
European Students of Industrial Engineering and Management
www.estiem.org
8
Find the optimal
value for X
Prediction
Choose the
vital X’s
European Students of Industrial Engineering and Management
www.estiem.org
Find the optimal
value for X
Prediction
Choose the
vital X’s
9
European Students of Industrial Engineering and Management
www.estiem.org
10
Find the optimal
value for X
Prediction
Choose the
vital X’s
European Students of Industrial Engineering and Management
www.estiem.org
Let´s talk about some Regression basics.
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
12
Regression
equation
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
13
Regression
equation
Y-intercept
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
14
Regression
equation
Y-intercept
Slope of the line
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
15
Plotted line of the
regression equaltion
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
16
Confidence interval of
the prediction line
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
17
Prediction interval for
the next data point
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
18
Coefficient of
Determination (R2)
adjusted
European Students of Industrial Engineering and Management
www.estiem.org
Interpreting Regression Analysis Output
19
Regression
equation
Y-intercept
Slope of the line
Potted line of the
regression equaltion
Coefficient of
Determination (R2)
Confidence interval of
the regression equation
Prediction interval for
the next data point
European Students of Industrial Engineering and Management
www.estiem.org
Time to work…
20
European Students of Industrial Engineering and Management
www.estiem.org
SPONSOR MESSAGE
21
European Students of Industrial Engineering and Management
www.estiem.org
It’s Feedback time!
22
Persons giving feedback
Link to the feedback form
(can be found on Schoology and
WhatsApp)
Instructor to give feedback toPersons giving feedback
INSTRUCTOR 1
INSTRUCTOR 2
European Students of Industrial Engineering and Management
www.estiem.org
It’s Feedback time!
23
Feedback box
European Students of Industrial Engineering and Management
www.estiem.org
Usage license of the
materials
https://creativecommons.org/licenses/by-nc/4.0/legalcode
Contact leansixsigma@estiem.org
for commercial usage of the materials
Materials of the trainings have been created based on the materials provided by
ESTIEM Summer Academy Professor Gregory H. Watson

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07 - Analysis Regression - ESTIEM Lean Six Sigma Green Belt Course

  • 1. European Students of Industrial Engineering and Management www.estiem.org Regression Analysis for publication 1
  • 2. European Students of Industrial Engineering and Management www.estiem.org It’s Feedback time! 2 Persons giving feedback Link to the feedback form (can be found on Schoology and WhatsApp) Instructor to give feedback toPersons giving feedback INSTRUCTOR 1 INSTRUCTOR 2
  • 3. European Students of Industrial Engineering and Management www.estiem.org What is Regression Analysis? 3
  • 4. European Students of Industrial Engineering and Management www.estiem.org Regression Analysis 4 How the change in X affects the Y measure? E.g. temperature of the oven (X), Baking time of bread (Y)
  • 5. European Students of Industrial Engineering and Management www.estiem.org What practical examples there could be for the Regression Analysis? 5
  • 6. European Students of Industrial Engineering and Management www.estiem.org Hostel situation in Europe 6 Y measure: satisfaction x factors: • Number of showers/toilets • Number of roommates • Snoring level • Privacy • …
  • 7. European Students of Industrial Engineering and Management www.estiem.org Regression Analysis can be used to 7 Find the optimal value for X Prediction Choose the vital X’s
  • 8. European Students of Industrial Engineering and Management www.estiem.org 8 Find the optimal value for X Prediction Choose the vital X’s
  • 9. European Students of Industrial Engineering and Management www.estiem.org Find the optimal value for X Prediction Choose the vital X’s 9
  • 10. European Students of Industrial Engineering and Management www.estiem.org 10 Find the optimal value for X Prediction Choose the vital X’s
  • 11. European Students of Industrial Engineering and Management www.estiem.org Let´s talk about some Regression basics.
  • 12. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 12 Regression equation
  • 13. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 13 Regression equation Y-intercept
  • 14. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 14 Regression equation Y-intercept Slope of the line
  • 15. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 15 Plotted line of the regression equaltion
  • 16. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 16 Confidence interval of the prediction line
  • 17. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 17 Prediction interval for the next data point
  • 18. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 18 Coefficient of Determination (R2) adjusted
  • 19. European Students of Industrial Engineering and Management www.estiem.org Interpreting Regression Analysis Output 19 Regression equation Y-intercept Slope of the line Potted line of the regression equaltion Coefficient of Determination (R2) Confidence interval of the regression equation Prediction interval for the next data point
  • 20. European Students of Industrial Engineering and Management www.estiem.org Time to work… 20
  • 21. European Students of Industrial Engineering and Management www.estiem.org SPONSOR MESSAGE 21
  • 22. European Students of Industrial Engineering and Management www.estiem.org It’s Feedback time! 22 Persons giving feedback Link to the feedback form (can be found on Schoology and WhatsApp) Instructor to give feedback toPersons giving feedback INSTRUCTOR 1 INSTRUCTOR 2
  • 23. European Students of Industrial Engineering and Management www.estiem.org It’s Feedback time! 23 Feedback box
  • 24. European Students of Industrial Engineering and Management www.estiem.org Usage license of the materials https://creativecommons.org/licenses/by-nc/4.0/legalcode Contact leansixsigma@estiem.org for commercial usage of the materials Materials of the trainings have been created based on the materials provided by ESTIEM Summer Academy Professor Gregory H. Watson