Home > Forum Home > Excel Multiple Regression Analysis and Forecasting Template > Multiple Regression Share

Multiple Regression

Excel Help for Multiple Regression in Excel Multiple Regression Analysis and Forecasting Template


Forum TopicPost Reply Login

Multiple Regression

Rate this:
(3/5 from 1 vote)
ConfusedHello

I'm not that good in math and i have searched through the internet but came out way confused than before.


i would like to know in multiple regression, how does one know when to add another independent variable? do you have to test it in a simple liner regression first then transfer it to a multiple regression?

Is it possible to test whether a variable that i added have any relationshipwith the rest of the variable by using some equations?


in plotting multiple regression is it usually in a 3d space? how about if you have more than 3 variables how will my graph look?

please help me

thanks in advance 


 Posted by on
 
Replies - Displaying 1 to 3 of 3Order Replies By: Most Recent | Chronological | Highest Rated
Confused
Rate this:
(3/5 from 1 vote)
The best way to see whether an independent variable has influence over the dependent variable is to view the Indepenent analysis to see if the r-squared is significantly large.

The chart is two dimensional showing the actual versus predicted dependent variable based on the resulting regression equation.
 Excel Business Forums Administrator
 Posted by on
Confused
Rate this:
(3/5 from 1 vote)
so for example:

i want to do a multiple regression on let's say

voter's behavior then i arrive at a formula


voter's behavior = B0 + B1X1+ B2X2 + B3X3


my question is this. should all regression start off as linear regression? meaning that i should add variable one at a time?

if so and i have 3 independent variable i wanted to add and i want to test the residuals and coefficient of each one, should i convert them to linear regression? like this

 voter's behavior = B0 + B1X1
voter's behavior = B0 + B2X2
voter's behavior = B0 + B3X3

or does multiple regression have a different approach?

 Posted by on
Surprised
Rate this:
(3/5 from 1 vote)
You can add all 3 independent variables and then evaluate which ones to keep from the independent analysis.
 Excel Business Forums Administrator
 Posted by on
 Displaying page 1 of 1 

Excel templates and solutions matched for Multiple Regression:

Solutions: Multiple Regression Forecasting