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Found 4 results

  1. Vishwadeep Khatri
    Q 286. Why is multicollinearity a problem? How is it detected? What is the right course of action when it is found? Explain with an example. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time
  2. Vishwadeep Khatri
    Q 271. What is a residual in Regression? Why is it important to analyze the residuals before assessing the goodness of a Regression Model? What does it mean if Residuals are non normal or non random? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the ne
  3. Vishwadeep Khatri
    Q 232. Quantile Regression estimates the median (or a particular quantile) whereas Linear Regression estimates the mean. What are some of the business scenarios where quantile regression would yield better results as compared to linear regression? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/fo
  4. Rupinder N
    Q. 169 How can you check if you have taken enough samples for carrying out a Regression Analysis? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening as per Indian Standard Time. The best answer is
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