How to perform Linear Regression in EXCEL
Microsoft Excel - Analytics Series
🙋♂️Hi there. I am Atikant Jain (AJ). Welcome to my newsletter, where I talk about career in Analytics & Data Science. Currently spreading love about Analytics, Data Visualization, and Microsoft Power BI.
Welcome to this week’s edition of Analytical Guy Insights, where I combine the power of data and storytelling to bring analytics to life.
Mastering Linear Regression: From Simple to Multiple Regression
Linear regression is one of the most fundamental concepts in data analytics and machine learning. Whether you’re a beginner exploring data science or a seasoned analyst refining your predictive models, understanding both simple and multiple linear regression is crucial. In my latest YouTube video, I break down these concepts step by step, showing how to implement them effectively in real-world scenarios.
What is Linear Regression?
At its core, linear regression is a statistical method used to model the relationship between a dependent variable and one or more independent variables. It helps us predict outcomes, identify trends, and make data-driven decisions.
Simple Linear Regression: Involves one independent variable to predict a dependent variable (e.g., predicting sales based on advertising spend).
y = mx + c (m = Slope, c = Intercept)Multiple Linear Regression: Involves two or more independent variables to make predictions (e.g., predicting house prices based on square footage, location, and number of bedrooms).
y = b0 + b1x1 + b2x2 + ..... + bixi (b0 = Intercept)
Why Does It Matter?
Linear regression is widely used in business analytics, finance, economics, and healthcare. Companies use it to forecast sales, optimize marketing campaigns, and even predict disease outcomes. Mastering it can give you a significant edge in data-driven industries.
What You’ll Learn in the Video:
Analyze the impact of temperature and rainfall on a company's sales.
Explore whether there is a linear relationship between weather conditions and sales.
Predict future sales based on temperature and rainfall trends.
Watch the Full Video Here:
Download files: https://bit.ly/LinearRegressionDataset
If you're serious about mastering analytics, this is a must-watch!
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