Here we finally come to the world of statistical models, the study of not just differences but how exactly things are related. One of the most important features of models is an ability to predict results. Modeling expands into thousands of varieties, there are experiment planning, Bayesian methods, maximal likelihood, and many others—but we will limit ourself with correlation, core linear regression, analysis of covariation, and introduction to logistic models.
- 6.2: Analysis of regression
- Analysis of correlation allows to determine if variables are dependent and calculate the strength and sign of the dependence. However, if the goal is to understand the other features of dependence (like direction), and, even more important, predict (extrapolate) results we need another kind of analysis, the analysis of regression.