Applications of linear regression in different disciplines

Abstract

In this paper we examine the linear regression and its application in different disciplines. Linear regression is used in economics, engineering sciences, natural sciences and even in medicine. The applicability of linear regression lies in the fact that many phenomena in the a forementioned fields of science can be described with the help of linear regression. Although there are some phenomena that cannot be described by linear regression, most non-linear regressions can be reduced to linear regression by a simple transformation. Another advantage of linear regression is that it is very easy to apply and perform calculations with the help of a computer.