Choosing type of regression

[mortenuth]

I am making an regression analysis regarding the time perspective in global companies risk management, and have some problems choosing the right type of regression analysis (multiple regression, multinominal logistic regression etc.)

My dependent variable is the time horizon of companies foreign exchange rate exposure management, based on following question:

1) At the present time, what is the average time horizon that your company has covered its foreign  
    exchange rate exposures by use of financial means? (i.e. forward contracts, options, swaps and debt in
    foreign currency)
   
     a) The category of answers is: 0-1 months, 1-3 months, 3-6 months, 6-12 months, 1-2 years, 2-4
         years and finally above 4 years

The independt variables are various and e.g.
       
       a) Numbers production subsidiaries abroad (answers may be 0, 1-2, 3-5, 6-9 and >9)
       
       b) What percentage of your company's consolidated debt is in foreign currency (answers may be
           0%,1-20%, 21-40%, 41-60%, 61-80%, 81-99% and 100%)

       c) How would you characterize the general business environment in which your company primarily
           operates (answers by 5-point likert scale from very stable to very volatile)

       d) Total balance (from 0 dollars to an infinite number of dollars)

I hope someone may be help me choosing the best way of making an regression analysis?

Best regards Morten


     
       

[Bruce Weaver]

Ordinal logistic regression (PLUM procedure) would be a candidate.  But you'd need a fairly large sample to avoid over-fitting, given your list of explanatory variables.

HTH.

mortenuth wrote

I am making an regression analysis regarding the time perspective in global companies risk management, and have some problems choosing the right type of regression analysis (multiple regression, multinominal logistic regression etc.)

My dependent variable is the time horizon of companies foreign exchange rate exposure management, based on following question:

1) At the present time, what is the average time horizon that your company has covered its foreign  
    exchange rate exposures by use of financial means? (i.e. forward contracts, options, swaps and debt in
    foreign currency)
   
     a) The category of answers is: 0-1 months, 1-3 months, 3-6 months, 6-12 months, 1-2 years, 2-4
         years and finally above 4 years

The independt variables are various and e.g.
       
       a) Numbers production subsidiaries abroad (answers may be 0, 1-2, 3-5, 6-9 and >9)
       
       b) What percentage of your company's consolidated debt is in foreign currency (answers may be
           0%,1-20%, 21-40%, 41-60%, 61-80%, 81-99% and 100%)

       c) How would you characterize the general business environment in which your company primarily
           operates (answers by 5-point likert scale from very stable to very volatile)

       d) Total balance (from 0 dollars to an infinite number of dollars)

I hope someone may be help me choosing the best way of making an regression analysis?

Best regards Morten


     
       

[Art Kendall]

I would use categorical regression.  It lets you compare results with
different assumed level of measurement.  In this instance, you would
want to see how ordinal versus interval works with your data.

Art Kendall
Social Research Consultants

On 1/24/2011 9:16 AM, mortenuth wrote:

> I am making an regression analysis regarding the time perspective in global
> companies risk management, and have some problems choosing the right type of
> regression analysis (multiple regression, multinominal logistic regression
> etc.)
>
> My dependent variable is the time horizon of companies foreign exchange rate
> exposure management, based on following question:
>
> 1) At the present time, what is the average time horizon that your company
> has covered its foreign
>      exchange rate exposures by use of financial means? (i.e. forward
> contracts, options, swaps and debt in
>      foreign currency)
>
>       a) The category of answers is: 0-1 months, 1-3 months, 3-6 months, 6-12
> months, 1-2 years, 2-4
>           years and finally above 4 years
>
> The independt variables are various and e.g.
>
>         a) Numbers production subsidiaries abroad (answers may be 0, 1-2,
> 3-5, 6-9 and>9)
>
>         b) What percentage of your company's consolidated debt is in foreign
> currency (answers may be
>             0%,1-20%, 21-40%, 41-60%, 61-80%, 81-99% and 100%)
>
>         c) How would you characterize the general business environment in
> which your company primarily
>             operates (answers by 5-point likert scale from very stable to
> very volatile)
>
>         d) Total balance (from 0 dollars to an infinite number of dollars)
>
> I hope someone may be help me choosing the best way of making an regression
> analysis?
>
> Best regards Morten
>
>
>
>
> --
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