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NishMath - #Regression
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Will@math.stackexchange.com
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A recent analysis has delved into the probabilistic interpretation of linear regression coefficients, highlighting the differences in reasoning when using expected values versus covariances. It has been shown that when calculating regression coefficients, employing expected values leads to correct formulations that correspond to the ordinary least squares (OLS) method. Specifically, the formula a=E[XY]/E[X^2] is derived using the expected value of the product of the independent and dependent variables. This approach aligns with the traditional understanding of linear regression where a model is expressed as Y=aX+ε, with ε being a centered error term independent of X.
However, using covariances for the probabilistic interpretation fails, especially in models without an intercept term. While covariance is often used to calculate the correlation between variables, the derived formula a=cov(X,Y)/var(X) does not align with the correct regression coefficient when there isn't an intercept. This divergence arises because the assumption of an intercept is implicit when using covariance, and its absence invalidates the formula using covariance. The study clarifies how formulas are derived in both scenarios and why the probabilistic reasoning fails when using covariances in situations where there is no intercept included in the model. The use of empirical means versus population means was also discussed to explore the nuances further.
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@tracyrenee61.medium.com
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Recent discussions have highlighted the importance of several key concepts in probability and statistics, crucial for data science and research. Descriptive measures of association, statistical tools used to quantify the strength and direction of relationships between variables are essential for understanding how changes in one variable impact others. Common measures include Pearson’s correlation coefficient and Chi-squared tests, allowing for the identification of associations between different datasets. This understanding helps in making informed decisions by analyzing the connection between different factors.
Additionally, hypothesis testing, a critical process used to make data-driven decisions, was explored. It determines if observations from data occur by chance or if there is a significant reason. Hypothesis testing involves setting a null hypothesis and an alternative hypothesis then the use of the P-value to measure the evidence for rejecting the null hypothesis. Furthermore, Monte Carlo simulations were presented as a valuable tool for estimating probabilities in scenarios where analytical solutions are complex, such as determining the probability of medians in random number sets. These methods are indispensable for anyone who works with data and needs to make inferences and predictions.
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@ameer-saleem.medium.com
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Recent discussions and articles have highlighted the importance of linear regression as a foundational tool in statistical modeling and predictive analysis. This classic approach, while simple, remains a powerful technique for understanding relationships between variables, using both theoretical frameworks and practical demonstrations. The core concept of linear regression involves finding a best-fit line that helps predict a dependent variable based on one or more independent variables. This method is applicable across many fields for forecasting, estimation, and understanding the impact of factors within datasets.
Linear regression models, at their basic core, use equations to describe these relationships. For a simple linear regression with one independent variable, this is represented as Y = wX + b where Y is the predicted variable, X is the input variable, w is the weight, and b is the bias. In more complex models, multiple variables are taken into account with equations extended to Y = w1X1 + w2X2 + … + wnXn + b. Practical implementation often involves using programming languages like R, with packages that can easily produce regression models, statistical summaries, and visualizations for analysis, data preperation and exploration.
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