Regression Analysis: See the Forest from the Trees (Interactive, 1 CPE)

Description

Internal audit (I.A.) shops routinely face the challenge of a plethora of constantly changing and complex quantitative information. I.A. uses analytical procedures to absorb and use this information efficiently and effectively. Over time, I.A. has discovered that spreadsheets (such as Excel) can yield positive results to help them evaluate transactions and determine high-risk areas in a given population. I.A. can effectively analyze decision alternatives using spreadsheet models before choosing a specific implementation plan.

Learning Objectives

• Understand the basics of linear regression
• Understand the R square computation
• Understand how an internal auditor can use linear regression as an analytical tool