Firm The Right Tyres for The Vehicles: An Application of Multiple Regression
  • Author(s): Rahul Singh Gautam ; Aashi Rawal
  • Paper ID: 1703705
  • Page: 553-555
  • Published Date: 24-07-2022
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 6 Issue 1 July-2022
Abstract

Regression analysis having a single exogenous variable is called simple regression analysis. However, regression analysis having more than one exogenous variable is called multiple regression. The primary difference between the two is the complexities of estimating the model. In multiple regression, mutual covariance among the exogenous variables also plays its part. An additional assumption of multicollinearity needs to be addressed in multiple regression. Suppose the association between the two exogenous variable is high and significant. In that case, one of the best remedies is to remove one of the exogenous variables having a high correlation while maintaining the other model parameters intact.

Keywords

Simple Regression; Multiple Regression; OLS; ML; GMM

Citations

IRE Journals:
Rahul Singh Gautam , Aashi Rawal "Firm The Right Tyres for The Vehicles: An Application of Multiple Regression" Iconic Research And Engineering Journals Volume 6 Issue 1 2022 Page 553-555

IEEE:
Rahul Singh Gautam , Aashi Rawal "Firm The Right Tyres for The Vehicles: An Application of Multiple Regression" Iconic Research And Engineering Journals, 6(1)