StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Unit 5 DB - Regression Analysis - Essay Example

Cite this document
Summary
When relationship is complicated like correlations, regression analysis determines the understanding of how correlations are settled…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
Unit 5 DB - Regression Analysis
Read Text Preview

Extract of sample "Unit 5 DB - Regression Analysis"

Regression Analysis Regression Analysis Among other efficient models of statistics, regressionis one tool which can be applied in order to understand the relationship of variables. When relationship is complicated like correlations, regression analysis determines the understanding of how correlations are settled between the variables. In the condition when one variable is dependent on another, regression identifies the level of correlation by determining the significance. This sets the ground of prediction and a basis to analyze an event or a situation.

Regression applies the cause and effect concept, where causes are taken as independent variables while effects are taken as dependent variables in the regression equation (Potts, 2007).Linear RegressionLinear regression is the type of regression which identifies the relationship of two significant variables (dependent and independent) (Seber & Lee, 2012). For example the analyst would try to relate the haziness of aircraft’s glass (dependent variable) with ice deposits (independent variable).

Linear regression signifies the direct relationship between two such variables (Weisberg, 2005).The following equation represents the regression equation, where Y is the dependent variable which is dependent on X independent variables, a is the intercept while b denotes slope of the line X (Hoffmann, 2005). Y = a + b * XApplication of Regression in CriminologyIn the section of criminal justice, the analysts often use multiple analytical tools to make better judgments and decisions on the field.

Regression is one tool which criminologists often apply to identify relationships between two adjacent variables like crime conviction or criminal’s behaviors. Analysts use regression coefficients to identify which strategy is more effective than the other on crime control section. According to one report of Federal government, a number of researchers came out from University of Nebraska in the year 1990, who utilized regression analysis tool to assess the influence of investment on crime rates.

The analysis identified the relationship between two variables by identification of correlations and linear equation, which are fundamentally deterministic by linear regression analysis tool. This came out to be a sufficient tool of correlation analysis which later on got applied in the criminal justice section. Still today several criminologists use linear regression model to identify the relationship of two significant variables (Weisburd & Britt, 2007, p. 423). Reference ListHoffmann, J. (2005).

Linear Regression Analysis: Assumptions and Applications. Brigham: Brigham Young University.Potts, S. (2007). Simple Linear & Non-Linear Regression. Belmont: Nsteps.Seber, G., & Lee, A. (2012). Linear Regression Analysis. New Jersey: John Wiley & Sons.Weisberg, S. (2005). Applied Linear Regression. Minnesota: John Wiley & Sons.Weisburd, D., & Britt, C. (2007). Statistics in Criminal Justice. Boston: Springer.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Unit 5 DB - Regression Analysis Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Unit 5 DB - Regression Analysis Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/law/1603242-unit-5-db-regression-analysis
(Unit 5 DB - Regression Analysis Essay Example | Topics and Well Written Essays - 250 Words)
Unit 5 DB - Regression Analysis Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/law/1603242-unit-5-db-regression-analysis.
“Unit 5 DB - Regression Analysis Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/law/1603242-unit-5-db-regression-analysis.
  • Cited: 0 times

CHECK THESE SAMPLES OF Unit 5 DB - Regression Analysis

Quantitative Research Methods

(a) What are the advantages of applying panel data analysis compared to using pure cross sectional or time series approaches to modelling data?... 637-638) reported the following advantages of panel data over cross section and timer series analysis based on the work of Baltagi (1995 [reprinted 1996], p.... Thus, panel data is believed to more appropriate than either of the two methods (cross section and time series analysis) in the study of situations like successive waves of minimum wage increases across localities and local minimum wages and over time 4....
27 Pages (6750 words) Coursework

Costing, Budgeting for Projects Accounting

The formula for regression analysis is Y = a + bX where a is the constant term and b is the slope.... For unit 1 (X), the predicted value is an exact match.... The formula for “squared-error” in Excel is =(C2-B2)^2 for 1 unit (in thousands).... The rest can be calculated in Solver routine by dragging the cells when copying the formula for 1 unit of output.... 4) I estimated the LCR with the “incremental unit-time learning-curve model” using Solver routine and I arrived at 0....
4 Pages (1000 words) Essay

How Markets Functions

Cost-benefit analysis is where resources are selected on basis benefit as weighed against costs.... In a free market economy there is interaction of demand and supply forces to bring about equilibrium in the in the market.... The paper will attempt to highlight economic systems; forces of demand and supply; economic issues in the wall street journal and finally a brief conclusion....
6 Pages (1500 words) Essay

How Affects Recovery

This paper "How Affects Recovery" discusses the fact that that there is a strong directly proportional link between the health care provided by the community.... Health care providers and the community at large have to play a major role in the successful dealing of the patients.... hellip; This disease has both internal and external determinants; though the internal ones shall be dealt with by medications, the external ones are heavily dependent upon how well are the environment stimuli controlled within the health care system....
17 Pages (4250 words) Research Paper

Assessment and Practice of Mental Health care needs

DESIGN: A retrospective analysis.... Factor analysis of MDB extracted three factors able to account for 75% of the total variance: a visuospatial factor, verbal memory ability, and a language skill.... Mini-Mental State Examination and Mental Deterioration Battery: analysis of the relationship and clinical... Using MMSE as an independent variable, a linear regression model could account for the visuospatial and language factors and a cubic regression model for the verbal memory factor....
6 Pages (1500 words) Essay

Applied Quantitative Methods in Finance

Uses regression to provide possible estimates of the disturbance variances at each sample point and the original relation is then re-estimated by the weighted least squares procedure that corrects for the heteroskedasticity.... Part one regards to the use of ARCH and GARCH models and their applications in finance studies....
11 Pages (2750 words) Essay

The Buyer Behavior Research Project

Different businesses cater for different niches in the market doing a thorough segmentation analysis of these markets enables these businesses not only to increase profit margins but also offer unique products to meet… This paper explores segmentation research, delving into the different market niches that Nordstrom and Bloomingdales occupy, the methods of conducting this kind of research- a pragmatic approach-, the reasons for this kind of approach Nordstrom Inc....
4 Pages (1000 words) Assignment

Hedging an Equity Portfolio

The author of the paper "Hedging an Equity Portfolio" touches upon the concept of an equity portfolio.... It is stated here that options are a type of contract which allows the holder the right to purchase or sell a security at a before specified strike price on or before a specified date....
8 Pages (2000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us