Regression modeling is a statistical technique used to analyze and quantify the relationship between a dependent variable and one or more independent variables. Key concepts include the dependent variable , independent variables , coefficients, and residuals. The process involves hypothesis formulation, data collection, exploration, model specification, estimation, evaluation, interpretation, assumption checking, predictions, and refinement. Types of regression models include linear, logistic, ridge, lasso, polynomial, and time series regression. Considerations include multicollinearity, overfitting, underfitting, outliers, and adherence to model assumptions. Regression modeling is a powerful tool for understanding and predicting relationships in data but requires careful consideration of various factors for robust and reliable results.
