Common Regression Mistakes by Leeda Copley

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Slide Notes

Common Regression Mistakes

Published on Apr 10, 2019

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PRESENTATION OUTLINE

Common Regression Mistakes

Chapter 12

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"try not to kill anyone"

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top 7 "mistakes"

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1 using regression to analyze nonlinear relationships

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2 correlation does not equal causation

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spurious relationship

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3 reverse causality

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4 omitted variable bias

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5 multicollinearity

highly correlated explanatory variables

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6 extrapolating beyond the data

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7 data mining

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two key lessons

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Leeda Copley

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