Regression Analysis: Understanding and Building Business and Economic Models Using Excel

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J. Holton Wilson Barry Keating

Regression Analysis

Understanding and Building Business and Economic Models Using Excel

J. Holton Wilson, Barry Keating, Mary Hodges

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English

Business Expert Press
16 September 2012

Economic forecasting; Business mathematics & systems

This book covers essential elements of building and understanding regression models within the context of business and economics. It is a nonmathematical treatment that is accessible, even to readers with limited statistical backgrounds. It is useful for business professionals, MBA students and others who seek to understand regression analysis without having to work through tedious mathematical and statistical theory. The importance of using regression models in modern business and economic analysis can hardly be overstated. In this book we describe exactly how such models can be developed and evaluated. The data used is real data with real world business applications, not data that has been contrived to demonstrate some purely academic point. These data are likely to be encountered and used in the actual world of business. In an appendix using screen shots and step by step instructions, we include how to do use Excel to perform regression analysis. When readers have completed this book they will understand how to build basic mathematical models illustrating business/economic relationships using regression analysis. In addition, they will know how to interpret and evaluate regression models using a five step process (which includes evaluating the model; identifying its statistical significance; determining its explanatory power; for time-series applications, identifying how the error terms are distributed; and understanding the concept of multicollinearity). Readers will understand what is possible and what to look for in evaluating regression models. It is unlikely that most readers will build such models in the course of carrying out their own professional responsibilities, but it is very likely that they will, at some point in their careers, be exposed to such models. This book will help such readers understand models that someone else has developed.

By: J. Holton Wilson, Barry Keating, Mary Hodges
Imprint: Business Expert Press
Country of Publication: United States
Dimensions: Height: 230mm, Width: 155mm, Spine: 12mm
Weight: 271g
ISBN: 9781606494349
ISBN 10: 1606494341
Pages: 179
Publication Date: 16 September 2012
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: No Longer Our Product

J. Holton Wilson, Professor, Department of Marketing, Central Michigan University, USA. Barry P. Keating, Jesse H. Jones Professor of Business Economics, University of Notre Dame, Indiana, USA.