Business, Management and Accounting
5 years ago

New method revolutionizes economic analysis by analyzing multiple variables at once.

Romanian Statistical Review Supplement
Multiple Linear Regression Model Used in Economic Analyses
Constantin Anghelache, Lecturer Mădălina, Gabriela Anghel, Ligia Prodan, Marius Popovici

Paper Summary

The multiple linear regression model is a useful tool in economic studies to analyze relationships between more than two variables. Researchers use the method of least squares to estimate the regression function and minimize errors. The Akaike information criterion helps determine the best model by considering the number of variables involved.

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