International Conference «Mathematical and Information Technologies, MIT-2016»

28 August – 5 September 2016

Vrnjacka Banja, Serbia – Budva, Montenegro

Dmitrovic M.   Draskovic D.   Obradović Ćuk J.  

Different Types of Regression through examples

Reporter: Dmitrovic M.

Regression analysis is a widely used tool for modelling and analyzing relationship among variables, as well as for prediction. Examples of  regression analysis  applications are numerous. For instance, it is difficult to find an economic empirical study without a paying attention to the phenomenon of regression. Each type of regression has its own importance and a specific condition where they are best suited to apply. The aim of this paper is to consider most commonly used regression techniques analyzing scientific papers in the field of economics published in recent years. Also this article deals with the question of whether and when it may be appropriate to use certain type of regression regard to their advantages and limitations through illustrative examples.

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