- How do you know which variable is most important?
- How do you calculate weighting factor?
- How to identify the most important predictor variables in regression models excel?
How do you know which variable is most important?
A general rule is to view the predictor variable with the largest standardized regression coefficient as the most important variable; the predictor variable with the next largest standardized regression coefficient as the next important variable, and so on.
How do you calculate weighting factor?
The weighting factor is calculated by the total calls of each hour divided by the total calls for the selected hours.
How to identify the most important predictor variables in regression models excel?
Standardized coefficients and the change in R-squared when a variable is added to the model last can both help identify the more important independent variables in a regression model—from a purely statistical standpoint.