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Interview Questions in Business Analytics by Bhasker Gupta

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© Bhasker Gupta 2016

Bhasker Gupta, Interview Questions in Business Analytics , 10.1007/978-1-4842-0599-0_5

5. Correlation and Regression

Bhasker Gupta

(1)Bangalore, Karnataka, India

This chapter is concerned with measuring the relatedness between two variables. A simple measure, the correlation coefficient, is commonly used to quantify the degree of relationship between two variables. In this chapter, I will discuss different types of regression models, assumptions and questions related to them, and the estimation method used commonly with regression models.

Q: What is correlation and what does it do?

In analytics, we try to find relationships and associations among various events. In the probabilistic context, we determine the relationships between ...

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