Other Methods
Although the parameters of a regression model are usually estimated using the method of least squares, other methods which have been used include:
- Bayesian methods, e.g. Bayesian linear regression
- Percentage regression, for situations where reducing percentage errors is deemed more appropriate.
- Least absolute deviations, which is more robust in the presence of outliers, leading to quantile regression
- Nonparametric regression, requires a large number of observations and is computationally intensive
- Distance metric learning, which is learned by the search of a meaningful distance metric in a given input space.
Read more about this topic: Regression Analysis
Famous quotes containing the word methods:
“Commerce is unexpectedly confident and serene, alert, adventurous, and unwearied. It is very natural in its methods withal, far more so than many fantastic enterprises and sentimental experiments, and hence its singular success.”
—Henry David Thoreau (1817–1862)
“Cold and hunger seem more friendly to my nature than those methods which men have adopted and advise to ward them off.”
—Henry David Thoreau (1817–1862)