What is a Regression?
What is a Regression?
Regression is the principal tool that economists use to assess the responsiveness of some outcome to changes in its determinants. This chapter presents the fundamentals of regression analysis. It discusses concepts such as dependent or endogenous variables, slope, t-statistic, intercept, continuous and discrete variables, proxy, p-value, F-statistics, and R2 or coefficient of determination. It interprets a somewhat complicated regression that represents the idea that earnings are affected by several determinants, with education among them.
Keywords: regression analysis, econometrics, earnings, education
Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.