Predictive Modelling Lessions
In the statistics, we use data to derive the information. It helps in business, research and governance. We also develop to predict the value or behaviour of any dependent variable based on the historical data. We have following categories of the model based on the type of the variable When the dependent variable is continuous variable: 1.OLS Linear Regression Model : When the dependent variable is continuous variable and independent variables is/are continuous variable(s) 2.ANOVA: When the dependent variable is continuous variable and independent variables is/are categorical variable(s) 3.ANCOVA : When the dependent variable is continuous variable and as independent variables, we have continuous as well as categorical variables as independent variable. When the dependent variable is categorical variable: 1. Maximum Likelihood Logistic Regression Model : When the dependent variable is categorical variable and independent ...