3/18/2023 0 Comments Regression with statplus![]() This freely available data currently hosted at the University of Alabama, Huntsville. And so this is going back to the challenger disaster. This first one is looking for space shuttle data. And the second is the multiple regression. The first is a simple linear regression where we only have one explanatory variable. ![]() We'll look at two examples of linear regression. This is for versions of Excel where the data analysis tool kit is not available. This segment will demonstrate linear regression using Excel plus StatPlus free extra software. Completion of this course will give you an understanding of the concepts of the Bayesian approach, understanding the key differences between Bayesian and Frequentist approaches, and the ability to do basic data analyses. The lectures provide some of the basic mathematical development as well as explanations of philosophy and interpretation. For computing, you have the choice of using Microsoft Excel or the open-source, freely available statistical package R, with equivalent content for both options. This course combines lecture videos, computer demonstrations, readings, exercises, and discussion boards to create an active learning experience. In particular, the Bayesian approach allows for better accounting of uncertainty, results that have more intuitive and interpretable meaning, and more explicit statements of assumptions. We will compare the Bayesian approach to the more commonly-taught Frequentist approach, and see some of the benefits of the Bayesian approach. We will learn about the philosophy of the Bayesian approach as well as how to implement it for common types of data. This course introduces the Bayesian approach to statistics, starting with the concept of probability and moving to the analysis of data.
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