By integrating several tools and concepts in applied statistics, you are now ready to make
even more precise future predictions. The process of fitting these tools into a model that
represents your data accurately is known as regression. Despite the term “simple regression
model,” it can prove to be a formidable tool in business decision making.
In this course, you will practice working with regression models. You will discover how to construct a linear model of the relationship between two variables. You will also use a simple regression model to calculate statistics of interest for your business question or hypothesis. Finally, you will make predictions about the future behavior of a system based on the regression model. Since a multitude of situations can be accurately explained and predicted using this type of model, this skillset will set you up for success in your future business analysis efforts.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Data Analysis and Probability
- Decision Analysis
- Continuous Distributions
- Hypothesis Testing