Closed form expressions are given for updating slope, intercept, and error estimates in the simple linear regression model. The formulae, which have good accuracy ...

Model building via linear regression models. Method of least squares, theory and practice. Checking for adequacy of a model, examination of residuals, checking outliers. Practical hand on experience ...

It can be highly beneficial for companies to develop a forecast of the future values of some important metrics, such as demand for its product or variables that describe the economic climate. There ...

Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. If you've ever ...

Dr. James McCaffrey from Microsoft Research presents a complete end-to-end demonstration of the naive Bayes regression technique, where the goal is to predict a single numeric value. Compared to other ...

Research on multiple comparison during the past 50 years or so has focused mainly on the comparison of several population means. Several years ago, Spurrier considered the multiple comparison of ...

Dr. James McCaffrey from Microsoft Research presents a complete end-to-end demonstration of k-nearest neighbors regression to predict a single numeric value. Compared to other machine learning ...

“The statistician knows...that in nature there never was a normal distribution, there never was a straight line, yet with normal and linear assumptions, known to be false, he can often derive results ...