From the course: Regression Analysis Fundamentals (2022)

The value of analysis

From the course: Regression Analysis Fundamentals (2022)

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The value of analysis

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- In most modern-day occupations you'll encounter some kind of statistical data analysis. It might be an ex Excel spreadsheet, it might be a PowerPoint presentation or it might be a full-blown statistical model from a professional statistics software, such as R. But you don't always need to have an in-depth knowledge of statistics to make sense of these results. It's a bit like driving a car. You need to know how the steering wheel works and how the brakes and indicator lights work. You do not need to know how the engine works. And this is where this course comes in. Hello, my name is Franz Buscha and I'm going to teach you the fundamentals of regression analysis. I'm an expert in statistics and econometrics, and I've been doing data analysis my whole career. Regression analysis is a very commonly used statistical technique in most professions. And there's a good chance you'll encounter it at some point in your career. Seeing all these numbers, letters and strange science can be really daunting. So I'm going to make it easy for you and break down regression analysis to its basics and tell you all the things that you need to know. I'm going to show you how to look at the fundamentals and why regression analysis is useful. I'll explore how ordinary squares regression works in detail. And then I'm going to give you some tips and tricks when working with regression and I'll show you some easy-applied examples of regression analysis. My main goal for you in this course is to help you to learn the basics of regression analysis in an easy and intuitive manner. So get ready to begin now.

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