Web Reference: Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Using the study and the data, we introduce four methods for variable selection: (1) all possible subsets (best subsets) analysis, (2) backward elimination, (3) forward selection, and (4) Stepwise selection/regression. In this paper, we will discuss what is meant by variable selection, why variable selection is important, the different methods for variable selection and their advantages and disadvantages.
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Statistics 101: Model Building Methods - Forward, Backward, Stepwise, and Subsets
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