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INTRODUCTION
Welcome to the third in the series of ERI Distance Learning Center quantitative methods courses. The fundamentals of this discipline are covered in ERI DLC Course 09: Fundamentals of Compensation Quantitative Methods. This course expands upon the mathematical operations covered there to include the more complex quantitative methods of regression analysis used in benefits and compensation analyses.
Course Overview
This course begins with a discussion of distributions, correlation, standard deviation, and standard error. Understanding these concepts is essential to performing and analyzing regression.
Regression will be discussed next, including how to:
- derive a regression equation
- interpret regression outputs
- apply regression to compensation analyses
Lastly, we will show you how to use research software to create instant regression analyses of compensation.
Don’t Forget
Before proceeding with this course, please make sure you have scratch
paper, a pencil, and a calculator with the following function buttons:
A reference page containing all of the equations covered in this course is available for you at all times. Just click on Reference in the navigation on the left.