DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH
Name : M.L.Kameswari.
Designation : Sr. Lecturer
Branch : Commercial and Computer Practice
Institute : Govt Polytechnic for women , Bheemunipatnam.
Year/Semester : IV semester.
Subject : Quantitative Techniques-II
Sub. Code : CCP 403
Topic : Meaning and utility of Regression analysis
Duration : 50 Minutes
Sub-topic : Meaning and definition of Regression Analysis
Teaching Aids : PPT

CCP403.19 1
Objectives

On completion of this period, you would be

able to:

 Define Regression Analysis

 Explain the Meaning of Regression analysis

CCP403.19 2
 Recap

What is the meaning of correlation and regression?

 Correlation is the relationship between two
variables
 It studies the direction in which the two
variables are moving

CCP403.19 3
Introduction

 Sir Francis Galton introduced the concept of

Regression analysis for the first time in 1877

 Regression analysis estimate or predict the value of

the variable given, the value of another variable on
the basis of the functional relationship between
them

CCP403.19 4
Meaning

 The literal meaning of regression is “moving

backward” or “returning to the average value”

 Today it is used in statistics in broader perspective

 It is very useful statistical tool in natural and social

sciences

CCP403.19 5
Definition

 According to Morris M.Blair

 Regression Analysis is the measure of the average
relationship between two or more variables in the
terms of original units of the data

 Ya Lun Chou defines

 It establishes the nature of relationships between
the variables and provide a mechanism for
prediction or forecasting

CCP403.19 6
Definition

 According to Taro Yamane

 Regression Analysis is the most frequently
used technique in economics and business
research used to find the relation between
variables

CCP403.19 7
Summary

In this class we discussed

 The meaning of correlation
 Meaning of Regression analysis
 Definition of regression analysis
 Definitions given by different statisticians

CCP403.19 8
Quiz

1. The Regression Analysis is mostly used in the

field of

Ans: Business Research, economics and in

social sciences

2. Who introduced the concept of Regression

Analysis for the first time?
Ans: Sir Francis Galton in 1877

CCP403.19 9
Frequently Asked Questions

1. Define Regression Analysis

3. Explain the meaning of Regression Analysis

CCP403.19 10