Question

In: Statistics and Probability

When choosing between two alternative regression models for the same data, what criteria should be used...

When choosing between two alternative regression models for the same data, what criteria should be used to select the best model?

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Expert Solution

Regression analysis models the relationships between a responsevariable and one or more predictor variables. Use a regression model to understand how changes in the predictor values are associated with changes in the response mean. You can also use regression to make predictions based on the values of the predictors.

Regression analysis mathematically describes the relationship between a set of independent variables and a dependent variable. There are numerous types of regression models that you can use. This choice often depends on the kind of data you have for the dependent variable and the type of model that provides the best fit. In this post, I cover the more common types of regression analyses and how to decide which one is right for your data.

I’ll provide an overview along with information to help you choose. I organize the types of regression by the different kinds of dependent variable. If you’re not sure which procedure to use, determine which type of dependent variable you have, and then focus on that section in this post. This process should help narrow the choices! I’ll cover regression models that are appropriate for dependent variables that measure continuous, categorical, and count data.


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