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Multi-regression | How to rank the weight/ contribution of each variable?

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    Multi-regression | How to rank the weight/ contribution of each variable?

    Let's think on sales: I have several variables that can drives sales.

    I already did a multi regression analysis to understand the variables/ components that drives sales (via LINEST formula).

    Now I want to understand the weight of each variable.
    Does anyone knows how to RANK the "importance" of each variable? I want to understand which is the most important variable from the regressions, to the least important.

    Who knows that??

    THANKS!
    Last edited by LIVIA; 09-21-2009 at 12:40 PM.

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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    Can you upload example?

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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    Hi,
    Here is attached. I tried to explain what is my question again via step by step.
    I only need to know how do I understand the right weight of each variable from the multi regression model, since each variable is in a different scale and can not be comparable directly via the coefficient.

    Tks,
    Attached Files Attached Files

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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    I can't see formula. Most important value is value with biggest potention.

    so, in Ax^2 + Bx + C -> Ax^2 determines formula.

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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    Right, I'm not looking necessarily to a formula.
    It is more a statistical question: I only need to know how to understand the real WEIGHT of each variable.

    BUT, I think it is not only the `biggest value´, since each variable is in a different scale.

    It would work, if all variables were in the same conversion, for instance "%". But in this case, each variable has a different scale (Price index vs. competitor, %of promotions, etc). So for this reason, I think I cant only look for the higher constant.

    Any idea?!!
    THANKSSSS

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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    How about normalizoing the independent variables and taking the partial derivative of the regression with respect to each?
    Entia non sunt multiplicanda sine necessitate

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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    humm, How do I do that?!! (Im reading something about calculate the T-value of each variable)...

    HELP!!!

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    Forum Expert shg's Avatar
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    Re: Multi-regression | How to rank the weight/ contribution of each variable?

    Help for LINEST descibes computing t statistics; it's the slope divided by the standard error for each variable. I don't know whether the absolute magnitude differentiates the 'most important' variable.

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