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Set up Random Data for Regression

How to generate random data for linear regression in python. This is a python tutorial to set up or generate random sample data or simulated data with the goal of understanding how regression work. In this tutorial, we provide a practical statistical lecture and relevant python code to 1) simulate data based on a user defined linear model, 2) run regression models in two ways (using python black box function OLS and using user custom defined function with linear algebra formal on regression coefficients), and 3) compare the difference sample mean difference and regression results in calculation of average treatment effect. This statistical regression and python tutorial for beginners also provides an example to learn the conditional dependence concept in regression and how covariate features in regression affect estimation of average treatment effect in linear bivariate or multivariate regression or OLS (Ordinary Least Squares) models. Related links for this video: • a complementary blog with step-by-step tutorial, for more clarification on this video: https://winswithdata.com/?p=371 • Download the open source and access python code script template solution, available in the above blog page. Please like this video and subscribe to the channel for more tutorial videos, particularly with a focus on: • to provide ready-to-execute solutions to achieve data goals of professionals regardless of your previous knowledge on technical background of programming and data. • a series of data and business insight from the perspective of an economist and applied data scientist in industry for those interested in the "under the hood" of the data related topics. About me: I am Dimo, an economist with a data science focus in industry. I am sharing my productivity, tech-solution, data visualization and analysis experiences, statistical - econometrics - machine learning interpretations in format of how-to tutorials in this channel. My Social Media Links & Profiles: Facebook:   / winswithdata   Twitter:   / winswithdata   Youtube:    / @winswithdata   Web blog: http://winswithdata.com/ Dailymotion: https://www.dailymotion.com/winswithdata DTube: https://d.tube/c/winswithdata100