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Learner Reviews & Feedback for Linear Regression for Business Statistics by Rice University

1,273 ratings
206 reviews

About the Course

Regression Analysis is perhaps the single most important Business Statistics tool used in the industry. Regression is the engine behind a multitude of data analytics applications used for many forms of forecasting and prediction. This is the fourth course in the specialization, "Business Statistics and Analysis". The course introduces you to the very important tool known as Linear Regression. You will learn to apply various procedures such as dummy variable regressions, transforming variables, and interaction effects. All these are introduced and explained using easy to understand examples in Microsoft Excel. The focus of the course is on understanding and application, rather than detailed mathematical derivations. Note: This course uses the ‘Data Analysis’ tool box which is standard with the Windows version of Microsoft Excel. It is also standard with the 2016 or later Mac version of Excel. However, it is not standard with earlier versions of Excel for Mac. WEEK 1 Module 1: Regression Analysis: An Introduction In this module you will get introduced to the Linear Regression Model. We will build a regression model and estimate it using Excel. We will use the estimated model to infer relationships between various variables and use the model to make predictions. The module also introduces the notion of errors, residuals and R-square in a regression model. Topics covered include: • Introducing the Linear Regression • Building a Regression Model and estimating it using Excel • Making inferences using the estimated model • Using the Regression model to make predictions • Errors, Residuals and R-square WEEK 2 Module 2: Regression Analysis: Hypothesis Testing and Goodness of Fit This module presents different hypothesis tests you could do using the Regression output. These tests are an important part of inference and the module introduces them using Excel based examples. The p-values are introduced along with goodness of fit measures R-square and the adjusted R-square. Towards the end of module we introduce the ‘Dummy variable regression’ which is used to incorporate categorical variables in a regression. Topics covered include: • Hypothesis testing in a Linear Regression • ‘Goodness of Fit’ measures (R-square, adjusted R-square) • Dummy variable Regression (using Categorical variables in a Regression) WEEK 3 Module 3: Regression Analysis: Dummy Variables, Multicollinearity This module continues with the application of Dummy variable Regression. You get to understand the interpretation of Regression output in the presence of categorical variables. Examples are worked out to re-inforce various concepts introduced. The module also explains what is Multicollinearity and how to deal with it. Topics covered include: • Dummy variable Regression (using Categorical variables in a Regression) • Interpretation of coefficients and p-values in the presence of Dummy variables • Multicollinearity in Regression Models WEEK 4 Module 4: Regression Analysis: Various Extensions The module extends your understanding of the Linear Regression, introducing techniques such as mean-centering of variables and building confidence bounds for predictions using the Regression model. A powerful regression extension known as ‘Interaction variables’ is introduced and explained using examples. We also study the transformation of variables in a regression and in that context introduce the log-log and the semi-log regression models. Topics covered include: • Mean centering of variables in a Regression model • Building confidence bounds for predictions using a Regression model • Interaction effects in a Regression • Transformation of variables • The log-log and semi-log regression models...

Top reviews


Apr 21, 2020

Wonderful Course having in depth knowledge about all the topics of regression analysis. Instructor is very much clear about the topic and having good teaching skill. Method of teaching also very good.


Dec 20, 2017

I have found Course 3 and 4 of this specialization to be challenging, but rewarding. It has helped me build confidence that I can do just about anything with data provided to increase positive impact.

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101 - 125 of 202 Reviews for Linear Regression for Business Statistics

By John D I

Oct 1, 2018

Great course, very thorough with very good examples and explanations.

By Noro B

Jul 22, 2017

Great source to learn regression with excel. Hard to find elsewhere !

By Junyong P

Feb 21, 2021

This course could make me learn many things about linear regression.

By Shifat S

Jul 17, 2020

This course is very helpful for me because of it's analytical part.

By Vincent R

Mar 13, 2021

Very informative course on linear regression for business analysis

By Kareem W B

Sep 28, 2020

The course is a great course and the lecturer did excellently well

By Olivia Z

Jul 5, 2018

very east to understand and quick to learn. strong recommendation!

By Shirish G

Sep 12, 2019

Thoroughly explained Linear regression in very simple format.

By Kevin A L A

Dec 14, 2020

Excelentes videos con ejemplos que ayudan a aplicar lo visto

By Chen Z

Mar 31, 2021

a good course to introduce multilinear regression analysis

By Gabriel A F G

Sep 25, 2020

Excelente curso, para mi el mejor de la especialización.

By Ponciano R

May 21, 2018

This is a fantastic course and the teacher is excellent!

By Aditya P

Aug 24, 2020

Amazing Exercise quiz and Easy-Concept Learning videos.

By Li Y

Jun 21, 2017

Somewhat hard for some part. But practice makes prefect

By Songly H

Nov 23, 2017

Great course, easy-to-understand teaching approaches!

By Ryan S

Nov 22, 2020

The exams were challenging, confusing, but worth it.

By Muhammad O N

Jul 1, 2020

Awesome course, loved it, it was tough and exciting


May 30, 2020

had good learning experience . i like to thank prof

By Mai O

Apr 14, 2020

Very thorough teaching on Regression. I recommend!

By 大树

Aug 27, 2020

very good. It is very helpful to me.Thanks a lot!

By Padmapriyadarshini

Jan 3, 2019

Excellent course! added a lot to my understanding

By Antonello G

Feb 2, 2021

Excellent teacher, and praxis-oriented examples.


Apr 25, 2020

The course was running slow at times (in videos)

By Chinmay P

Mar 19, 2018

The detailing of the course was really good! :)

By Sunil K

Apr 26, 2020

It was wonderful experience with this course.