Applied Regression Analysis for Business: Tools, Traps and Applications

✍ Scribed by Jacek Welc,Pedro J. Rodriguez Esquerdo (auth.)

• Publisher: Springer International Publishing
• Year: 2018
• Tongue: English
• Leaves: 294
• Edition: 1
• Category: Library

✦ Synopsis

This book offers hands-on statistical tools for business professionals by focusing on the practical application of a single-equation regression. The authors discuss commonly applied econometric procedures, which are useful in building regression models for economic forecasting and supporting business decisions. A significant part of the book is devoted to traps and pitfalls in implementing regression analysis in real-world scenarios. The book consists of nine chapters, the final two of which are fully devoted to case studies.

Today's business environment is characterised by a huge amount of economic data. Making successful business decisions under such data-abundant conditions requires objective analytical tools, which can help to identify and quantify multiple relationships between dozens of economic variables. Single-equation regression analysis, which is discussed in this book, is one such tool. The book offers a valuable guide and is relevant in various areas of economic and business analysis, including marketing, financial and operational management.

✦ Table of Contents

Front Matter ....Pages i-xi
Basics of Regression Models (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 1-6
Relevance of Outlying and Influential Observations for Regression Analysis (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 7-35
Basic Procedure for Multiple Regression Model Building (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 37-61
Verification of the Multiple Regression Model (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 63-130
Common Adjustments to Multiple Regressions (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 131-172
Common Pitfalls in Regression Analysis (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 173-212
Regression Analysis of Discrete Dependent Variables (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 213-227
Real-Life Case Study: The Quarterly Sales Revenues of Nokia Corporation (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 229-256
Real-Life Case Study: Identifying Overvalued and Undervalued Airlines (Jacek Welc, Pedro J. Rodriguez Esquerdo)....Pages 257-276
Back Matter ....Pages 277-286

✦ Subjects

Business Mathematics