Quantile Regression

Quantile regression models the relationship between a set of predictor (independent) variables and specific percentiles (or "quantiles") of a target (dependent) variable, most often the median. It has two main advantages over Ordinary Least Squares regression:
  • Quantile regression makes no assumptions about the distribution of the target variable.
  • Quantile regression tends to resist the influence of outlying observations

Quantile regression is widely used for researching in industries such as ecology, healthcare, and financial economics.

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