A GLM was used to estimate the expected losses per customer across gender and driver type. There are two categories for driver type: Commute and Leisure. The log link function was used, and Male and Commute were the base levels for Gender and Driver type, respectively. There are no interaction terms in the model. The GLM produced the following predicted values for expected loss per customer: Commute Leisure Male 4.52 4.5 Female 33 181 Calculate the estimated B for the Gender variable.
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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