Improving heuristic regression analysis

Heuristic Regression Analysis, a new probabilistic predictor selection concept that allows a computer to automatically "learn" the best regression model, has become a practical and economical tool for profit-oriented industry replacing the usual stepwise regression approach. Wide experience with this computer substitute of human problem solving effort has led to substantial improvements of the technique. Starting with forty variables, simple models having three, four or five predictor terms are rapidly located. An "editor" routine, which has been developed to printout only the best three models generated during the learning iterations, significantly reduces the time required by the user to analyse the final models.