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Regression Modeling with Actuarial and Financial Applications by Edward W. Frees

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6

Interpreting Regression Results

Chapter Preview. A regression analyst collects data, selects a model, and then reports on the findings of the study, in that order. This chapter considers these three topics in reverse order, emphasizing how each stage of the study is influenced by preceding steps. An application, determining a firm’s characteristics that influence its effectiveness in managing risk, illustrates the regression modeling process from start to finish.

Studying a problem using a regression modeling process involves a substantial commitment of time and energy. One must first embrace the concept of statistical thinking, a willingness ...

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