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LinearRegression

LinearRegression - 11 School of Chemical CHE 320 Roadmap v...

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Unformatted text preview: 9/19/11 9/19/11 11 School of Chemical CHE 320: Roadmap v Probability v Random Variables – Discrete & Continuous v Probability Distributions Theory for Statistics v Point Estimation v Confidence Intervals v Hypothesis Testing v Statistical Inferences v Analysis of Variance v Design of Experiments (DOE) Applications of Statistics 9/19/11 9/19/11 22 School of Chemical CHE 320 Probability Theory Statistics (Applied Probability) Point Estimation Confidence Intervals Hypothesis Testing Statistical Inferences Analysis of Variance Design of Experiments Regression Analysis (Applied Statistics) 9/19/11 9/19/11 33 School of Chemical Regression Analysis v Causal relationship between two variables • e.g., effect of price increase on demand v Quantify the effects v Statistical significance of your estimations v Applied in various fields • Engineering • Economics • Sociology • Political Science, etc… 9/19/11 9/19/11 44 School of Chemical Simple Regression Example: v Interested in Earnings / Income...
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LinearRegression - 11 School of Chemical CHE 320 Roadmap v...

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