Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.
Congratulations!
You have completed ERI DLC Course 49: Regression Analysis Used in Compensation Administration.
You should now be able to:
- Differentiate between a normal distribution and a skewed distribution
- Specify the characteristics of a normal distribution
- Identify a frequency distribution
- Recognize the standard deviations for a normal distribution and perform a standard deviation calculation
- Specify what standard error is and calculate it
- Specify what correlation is and collinearity and how to interpret correlation coefficients
- Define R squared, the coefficient of determination, and recognize its significance
- Specify what the least squares model is and how it is used to find the line of best fit
- Perform a linear regression calculation
- Recognize what multiple regression is and specify how to interpret R squared, F and t statistic values
- Define what transformation is in regression analysis
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.