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.
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Notes
- 1.
This case is a hypothetical scenario using actual data.
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© 2013 Springer Science+Business Media New York
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Fraser, C. (2013). Quantifying the Influence of Performance Drivers and Forecasting: Regression. In: Business Statistics for Competitive Advantage with Excel 2013. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7381-7_5
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DOI: https://doi.org/10.1007/978-1-4614-7381-7_5
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Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-7380-0
Online ISBN: 978-1-4614-7381-7
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