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. Read more…

Assessing Normality Assumption for Linear Regression in R

The normality assumption in linear regression is necessary to ensure the estimates of parameters are unbiased and the hypothesis testing is correct. It states that for the fixed or given values of explanatory variables, the dependent variables are normally distributed around the mean 0. It is equivalent to say that the residuals after model estimation follow a normal distribution with the mean 0.