Regression Modeling and Prediction by Individual Observations versus Frequency
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Published
May 1, 2019
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Stan Lipovetsky
GfK North America, Minneapolis
Abstract
A regression model built by a dataset could sometimes demonstrate a low quality of fit and poor predictions of individual observations. However, using the frequencies of possible combinations of the predictors and the outcome, the same models with the same parameters may yield a high quality of fit and precise predictions for the frequencies of the outcome occurrence. Linear and logistical regressions are used to make an explicit exposition of the results of regression modeling and prediction.
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