This has been a guide to Multiple Regression Formula. For example, the sales of a particular segment can be predicted in advance with the help of macroeconomic indicators that has a very good correlation with that segment. ![]() ![]() It is widely used in investing & financing sectors to improve the products & services further. A lot of forecasting is done using regression Regression Regression Analysis is a statistical approach for evaluating the relationship between 1 dependent variable & 1 or more independent variables. Regression plays a very role in the world of finance. ![]() Multiple regressions is a very useful statistical method. The dependent variable in this regression equation is the salary, and the independent variables are the experience and age of the employees. In this particular example, we will see which variable is the dependent variable and which variable is the independent variable. Let us try to find out what is the relation between the GPA of a class of students and the number of hours of study and the height of the students.įor the calculation, go to the Data tab in excel and then select the data analysis option. Let us try and understand the concept of multiple regressions analysis with the help of another example. The dependent variable in this regression equation is the distance covered by the UBER driver, and the independent variables are the age of the driver and the number of experiences he has in driving. ![]() Y = a + b X + read more for the above example will be The regression formula Regression Formula The regression formula is used to evaluate the relationship between the dependent and independent variables and to determine how the change in the independent variable affects the dependent variable. It can be manually enabled from the addins section of the files tab by clicking on manage addins, and then checking analysis toolpak. For the further procedure and calculation refers to the given article here – Analysis ToolPak in Excel Analysis ToolPak In Excel Excel's data analysis toolpak can be used by users to perform data analysis and other important calculations. For the calculation of Multiple Regression, go to the Data tab in excel, and then select the data analysis option.
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