Linear regression is
certainly not the only form of statistical analysis available. Essentially,
some form of statistical analysis exists to assess the links between
any variables, no matter what they might be. For example:
-
Whereas linear regression of the
form discussed so far generally requires dependent variables that
are continuous (interval or ratio in data), other forms of regression
can analyze dependent variables that are ordinal or categorical (e.g.
where you wish to analyze actual employee turnover, which is a binary
variable having the values 0=stayed at the organization and 1=left
the organization).
-
In a similar vein, categorical
independent and dependent variables can be related together.
-
Special statistical techniques
exist for analyzing change in variables over time (time series), variables
that contain spatial and temporal aspects (geographic information
data) and many other types.
-
Sometimes you want to analyze patterns
in data with no particular dependent variable specified (interdependence
techniques like factor and cluster analysis).
The statistical universe
is vast! However, you will generally find that the thinking and often
the interpretation of such statistics is similar to linear regression.
This course will not cover many other statistical analysis forms in
detail, but the skills developed in this chapter will make it easy
for you to assimilate new techniques if necessary.