Regression Analysis

Instructor(s):

Dates:

October 04, 2013 to November 01, 2013 January 24, 2014 to February 21, 2014 May 16, 2014 to June 13, 2014 October 03, 2014 to October 31, 2014

Regression Analysis

taught by Iain Pardoe

Aim of Course:

Regression, perhaps the most widely used statistical technique, estimates relationships between independent (predictor or explanatory) variables and a dependent (response or outcome) variable. Regression models can be used to help understand and explain relationships among variables; they can also be used to predict actual outcomes. In this course you will learn how multiple linear regression models are derived, use software to implement them, learn what assumptions underlie the models, learn how to test whether your data meet those assumptions and what can be done when those assumptions are not met, and develop strategies for building and understanding useful models.

Course Program:

SESSION 1: Foundations and Simple Linear Regression

• Brief review of univariate statistical ideas:
  • confidence intervals
  • hypothesis testing
  • prediction
• Simple linear regression model and least squares estimation
• Model evaluation:
  • regression standard error
  • R-squared
  • testing the slope
• Checking model assumptions
• Estimation and prediction

SESSION 2: Multiple Linear Regression

• Multiple linear regression model and least squares estimation
• Model evaluation:
  • regression standard error
  • R-squared
  • testing the regression parameters globally
  • testing the regression parameters in subsets
  • testing the regression parameters individually
• Checking model assumptions
• Estimation and prediction

SESSION 3: Model Building I

• Predictor transformations
• Response transformations
• Predictor interactions
• Qualitative predictors and the use of indicator variables

SESSION 4: Model Building II

• Influential points (outliers and leverage)
• Autocorrelation
• Multicollinearity
• Excluding important predictors
• Overfitting
• Extrapolation
• Missing data
• Model building guidelines
• Model interpretation using graphics

HOMEWORK:

Homework in this course consists of short answer questions to test concepts and guided data analysis problems using software.

Regression Analysis

Instructor(s):

Dates:
October 04, 2013 to November 01, 2013 January 24, 2014 to February 21, 2014 May 16, 2014 to June 13, 2014 October 03, 2014 to October 31, 2014
Course Fee: $499

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Have you reviewed the REQUIREMENTS for this course?

Regression Analysis

taught by Iain Pardoe

Who Should Take This Course:

Scientists, business analysts, engineers and researchers who need to model relationships in data in which a single response variable depends on multiple predictor variables. If you were introduced to regression in an introductory statistics course and now find you need a more solid grounding in the subject, this course is for you. If you are planning to learn additional topics in statistics (for example, the data mining and forecasting courses at statistics.com), a good knowledge of regression is often essential.

Level:

Intermediate

Organization of the Course:

This course takes place online at the Institute for 4 weeks. During each course week, you participate at times of your own choosing - there are no set times when you must be online. Course participants will be given access to a private discussion board. In class discussions led by the instructor, you can post questions, seek clarification, and interact with your fellow students and the instructor.

The course typically requires 15 hours per week. At the beginning of each week, you receive the relevant material, in addition to answers to exercises from the previous session. During the week, you are expected to go over the course materials, work through exercises, and submit answers. Discussion among participants is encouraged. The instructor will provide answers and comments, and at the end of the week, you will receive individual feedback on your homework answers.

Credit:
Students come to the Institute for a variety of reasons. As you begin the course, you will be asked to specify your category:

1. You may be interested only in learning the material presented, and not be concerned with grades or a record of completion.
2. You may be enrolled in PASS (Programs in Analytics and Statistical Studies) that requires demonstration of proficiency in the subject, in which case your work will be assessed for a grade.
3. You may require a "Record of Course Completion," along with professional development credit in the form of Continuing Education Units (CEU's).  For those successfully completing the course, 5.0 CEU's and a record of course completion will be issued by The Institute, upon request.

Course Text:

The required text for this course is Applied Regression Modeling, Second Edition by Iain Pardoe, and it can be ordered from Wiley by clicking here. Wiley typically offers statistics.com customers up to 15% discount on this book (and all other statistics titles): enter the code aff15 in the Promotion Code field when prompted during checkout and click the Apply Discount button. (If you are located in Asia, the web procedure for your location may not accept this discount – try calling your regional Wiley representative.).

PLEASE ORDER YOUR COPY IN TIME FOR THE COURSE STARTING DATE.

Software:

You will need software that is capable of doing regression analysis, which all statistical software does.  If you are undecided about which package to choose, consider the following:

1.  If you are likely to take additional statistical modeling courses and intend to apply these methods to your research, you should choose a standard package with power and flexibility (R, SAS, JMP, SPSS, Minitab, Stata).

2.  If your plans include applications of data science and data analytics in business, you should probably choose R (if your company already uses SAS or SPSS, that's also fine).

3.  If you want to work as a manager or analyst in business, but not as a data scientist, you could use an Excel add-in like XLMiner.

4.  If you have no immediate plans for further coursework and a short learning curve is your main consideration, consider Statcrunch, JMP or Minitab.

There will be some supplementary materials in the course to provide assistance with R, SPSS, Minitab, SAS, JMP, Data Desk, EViews, Stata, and Statistica. Our teaching assistants can offer some help with SPSS, Minitab, SAS, JMP, R, Stata, and XLMiner.

Please click here for information on obtaining a free (or nominal cost) copy of statistical software packages that can be used during the course.