Linear regression

Used to examine the relationship between two or more variables. It helps identify and predict trends, making it valuable in various fields like economics and data analysis.

When to use ✅✅✅

  • Continuous Dependent Variable: Linear regression is suitable when your dependent variable is continuous (e.g., height, sales revenue).
  • Relationship Between Variables: It helps examine the relationship between one or more independent variables and the dependent variable.
  • Predictive Modeling: Useful for predicting future values or outcomes based on historical data patterns.
  • Identifying Trends and Patterns: Linear regression aids in identifying trends, correlations, and patterns within the data.
  • Establishing Causality: It can be used to explore potential cause-and-effect relationships between variables.

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Statistical tests

There’s a diverse range of statistical tests, each tailored to specific situations. Make sure you use the right one! 😉