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What is Regression Analysis?

20 January, 2016 - 09:21

Suppose we calculate some variable of interest, y, as a function of some other variable x. We call y the dependent variable and x the independent variable. For example, consider the data set below, taken from a simple experiment involving a vehicle, its velocity versus time is tabulated. In this case, velocity is a function of time, thus velocity is the dependent variable and the time is the independent variable.

Table 7.1 Vehicle velocity versus time.

Time [s]

Velocity [m/s]

0

20

10

39

20

67

30

89

40

111

50

134

60

164

70

180

80

200

 

In its simplest form regression analysis involves fitting the best straight line relationship to explain how the variation in a dependent variable, y, depends on the variation in an independent variable, x. In our example above, once the relationship (in this case a linear relationship) has been estimated we can produce a linear equation in the following form:

y=mx+n

And once an analytic equation such as the one above has been determined, dependent variables at intermediate independent values can be computed.