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Essay heading: Regression
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Business |
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| Date added: |
March 21, 2003 |
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| No of pages / words: |
3 / 655 |
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Essay content:
In our case we saw how years of experience affected the annual salary of a person in the clerical industry. For anyone looking into moving forward into a new field of employment, linear regression could be a huge tool with the right data to identify where they lie inside a typical salary range. For instance, if some is making $55,000 for ten years of experience versus you are given a offer for $45,000 for the same years of experience you would be able to identify that compared to others in the same field you are being under paid...
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For instance, if some is making $55,000 for ten years of experience versus you are given a offer for $45,000 for the same years of experience you would be able to identify that compared to others in the same field you are being under paid. It looks like it’s time to make a counter offer. From our linear regression equation we have the ability to also predict what the variable for y would be when we have x...
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