The following are the steps in the process of regression:
- Establishing a set of independent variables that should be included in the regression analysis.
- Establish a set of dependent variables for which you would like to predict values using your predicted values for each independent variable.
- Calculate a predicted value for each dependent variable based on your estimated values for each independent variable and then compare them to actual values to see how well they predict your dependent variables.
- Repeat steps 2 and 3 until you have reached convergence or have reached an endpoint