Question: When would you use a multiple regression analysis? Give an example. Which variable represents the independent variable, which variable represents the dependent variable? What does

  • When would you use a multiple regression analysis? Give an example.
  • Which variable represents the independent variable, which variable represents the dependent variable?
  • What does independent variable mean?
  • What does dependent variable mean?
  • How would you come up with a list of possible x variables that may be helpful in estimating y.
  • How would you collect data on the y and x variables from step 1?
  • How would you check the relationships between each x and y variable and how would you eliminate those x variables that aren't strongly related to y.
  • How would you avoid the problem of multicolinerity?

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