BEYOND MULTIPLE REGRESSION: POISSON REGRESSION, DEMING REGRESSION, ORDINAL LOGISTIC REGRESSION, RIDGE REGRESSION, AND WEIGHTED REGRESSION

Finally, there are also other types of unique multiple regression methods that are available in BizStats. Each of these multiple regression variations has a specific purpose and requires different data setups, and the results are slightly different than a standard multiple regression. Nonetheless, the interpretations of the results are similar to a standard regression model. The following lists five types of advanced regression methods, an example of the data requirements (the full dataset is available inside BizStats), how to set up the model’s data inputs, and the results.