Performing an OLS Regression

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Using some basic R functions, you can easily perform an Ordinary Least Squares (OLS) regression and create a scatterplot comparing predicted results vs. actual results.

In this example the mtcars dataset contains data on fuel consumption for 32 vehicles manufactured in the 1973-1974 model year. This example compares actual fuel consumption to predicted fuel consumption using an OLS regression.

Contributors

Patrick Wiese, ASA

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