MBAQ-104: Quantitative Techniques – Unit 4
Objectives: understand the role of regression in establishing mathematical relationships between dependent and independent variables from given data; use the least squares criterion to estimate the model parameters; establish confidence intervals for the forecast values and estimates of parameters and make meaningful forecasts from given data by fitting any function, linear in unknown parameters.
Materials:
The relevant material is available here.
Questions:
- What are the basic steps in establishing a relationship between variables from a given data?
- What is linear regression?