Evaluate relative importance of variables in regression using standardized regression coefficients approach in R
We provide effective and economically affordable online training courses for R and Python, click here for more details and course registration ! In linear regression analysis, one may be very interested in relative importance of independent variables, that is, which variable contributes most in explaining the variation of response variable. There are several approaches for this purpose. One of them is standardized regression coefficients, which measure how much change of response variable in standard deviation Read more…