types of regression

Assigne Readings:

Chapter 5. Linear Regression as a Fundamental Descriptive Tool

Chapter 6. Correlation vs. Causality in Regression Analysis

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

  1. What are types of regression? For each type of regression, give an application. Does your job use any? if so how?. Please cite examples according to APA standards.

[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the student’s own words – do not provide quotes!]

[Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

What are types of regression? For each type of regression, give an application


We have discussed different types of numerical regressions that can be done to solve problems in economics and business.

Linear regression

Linear regression is used to find the relationship between two variables. Linear regression can be used to predict the future values of a variable based on its past values. Linear regression is also known as ordinary least square (OLS) or ordinary least square estimation (OLSE).

Linear regression can be used in many situations, such as predicting demand for a product based on its price, or estimating the cost of building a house by measuring how many rooms it needs and adding up all those costs into one number.

Polynomial regression

Polynomial regression is a type of regression that uses a polynomial function of degree one or more. It’s used to model the trend in data, and can be applied to time series or cross-sectional data (i.e., collected at different times).

Polynomial regression is one of two types of parametric models in which you can use an ordinary least squares method to fit your regressor with values for each observation (x) from your dataset as well as for their mean and variance:

`y=ax+b` where `a` represents the intercept term and `b` represents all other terms in order from smallest to largest with respect to y value at x=0.

Logarithmic regression

Logarithmic regression is used for data that is growing exponentially. For example, if you have a dataset and want to find the best fitting model, logarithmic regression can be used to find out how fast your data changes over time. This type of regression is useful when there are not many observations in your dataset and there isn’t enough information about each observation (such as age).

Logarithmic regressions can also be used when you have a large amount of data but it’s not necessarily growing exponentially; however, it may still follow an exponential trend like temperature does as ice melts into water vapor.

Exponential regression

Exponential regression is a method that is used to find the relationship between two variables. In this type of regression, you have a dependent variable and an independent variable. The independent variable can be anything that you want it to be (e.g., age). The dependent variable will be whatever value your model predicts when it’s given input from your independent variable(s).

Exponential regressions are useful because they allow you to estimate relationships between time and other factors without needing large samples or expensive equipment (like supercomputers). In most cases, exponential regressions can be done on desktop computers with simple statistical software like R or SPSS; however there may be cases where this isn’t possible due either poor internet connections or slow processors/hard drives in laptops/desktops–for example if you’re doing research in remote areas where there aren’t many people who can help set up your experiment properly before hand!

Nonlinear regression

Nonlinear regression is used to model nonlinear relationships. For example, if you want to predict the sales volume of a product based on its price and other factors, nonlinear regression can help you do this.

Let’s say that we have two data sets: one in which there are two variables (product and price), and another where there are three variables (product, price, and time). We want to find out how much revenue each product will generate over time given its price point relative to other products at similar prices or even lower ones. In order for us to do this using linear methods like ordinary least squares (OLS), we must choose some values from our dataset so that the equation looks valid when plugged into OLS:

In this section we have discussed different types of numerical regressions that can be done to solve problems in economics and business.

In this section we have discussed different types of numerical regressions that can be done to solve problems in economics and business. We have discussed linear regression, polynomial regression, logarithmic regression and exponential regression.

Linear Regression: In linear regression we use straight lines with a constant intercept and slope to model data that follow a straight line. For example if you want to model the economic growth rate of your country over time then you would use a linear function for this purpose. The formula for this type of regression is given below:


The next section will discuss further applications of regression, how to model and analyse the data, and some tricks that can be used to get the most out of your model. A linear regression is a simple way to explore relationships between two variables but it does not allow for much insight into other characteristics about those variables such as their distribution or trend.

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Ace Writing Center has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.


Essay Writing Services

At Ace Writing Center, Nowadays, students normally have extremely busy schedules. You will note that some of them have to take on some evening or weekend jobs in order to get some income that can help them to sustain in college or in the university. This can deny them a chance to write all the essays given. Others usually get bombarded with a lot of work by their lecturers. This can still delay such students from working on all their essays. However, some of them usually try to work on all these essays but end up delivering their work late. This can prevent them from graduating since most lecturers are strict on deadlines. If you want to write a business essay, the wise way is to hire an outstanding essay writing service like us, so that you can get the best results. If you are keen, you will note that many companies usually overcharge their customers. Some of them are there only to make money. And in reality, they really don’t care to build a long term commitment with students. You should not choose such companies. You should take your time and choose a reliable company to work with. Ace Writing Center is the ultimate solution for you. We have been offering our writing service for more than 7 years. This is a clear indication that you will get quality essay writing service. We have a wide range of writers who can work on any business essay that you might have. We believe in doing extensive research so that we can provide quality work to all our clients. .


Admission and Business Papers

Have you ever had to write an admission essay for college? The majority of students face the same issues when applying to a university or college and many in such situations decide they need professional help to cope with this matter. They get in a situation when the deadline keeps coming closer but lack motivation to start because they are just not sure if their writing skills are strong enough. We have a solution for you! Ace Writing Center is the best admission essay writing service with a large professional team and years of experience in providing high-quality papers to students of all levels and faculties. The mission of our team is to help students make their dreams of entering a good college come true and that’s what we offer!.


Editing and Proofreading

Sometimes all the words for your paper just flow out of your mind and into your fingers. You type quickly at your keyboard and there they are, your beautiful words right there on the screen. But you have no idea how to polish it up. You may be wishing there was a paper writing service that offered this type of writing service. Look no more! Here at Ace Writing Center, we offer you an editing and proofreading option that you can't find anywhere else..


College Essay Writing

In case you are familiar Ace Writing Center, you know the way to distinguish a better company from a cheap one exactly. First of all, poor service website does not have a sufficient support. We think support team is an essential part of success; it has to answer all clients’ questions and be a connecting link between clients and their writers. On our web-service you will get answers about anything you need and your writer will receive all your instructions, assignments and requirements exactly and swiftly. A writing service that we run has got a flexible pricing system that will save you from senseless wastes and many bonus systems that let you sparing money for something important for you.

You cannot copy content of this page
Open chat
Hello. Can we help you?