Quantifying the Influence of Performance Drivers and Forecasting: Regression

  • Cynthia Fraser
Chapter

Abstract

Regression analysis is a powerful tool for quantifying the influence of continuous, independent, drivers X on a continuous dependent, performance variable Y. Often we are interested in both explaining how an independent decision variable X drives a dependent performance variable Y and also in predicting performance Y to compare the impact of alternate decision variable X values. X is also called a predictor, since from X we can predict Y. Regression allows us to do both: quantify the nature and extent of influence of a performance driver and predict performance or response Y from knowledge of the driver X.

Keywords

Income 

Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  • Cynthia Fraser
    • 1
  1. 1.McIntire School of CommerceUniversity of VirginiaCharlottesvilleUSA

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