I am trying to understand monotone and isotonic regression. I believe they will produce curve which are monotonely increasing or decreasing. In most of what I read on the net, the change is shown in a stepwise manner. However, following 2 sets of outputs from 2 packages confuse me. Following is the plot made in R using MonoPoly package:
library(MonoPoly)
monpol(y~x, w2, plot.it=T)
Monotone polynomial model
Call:
monpol(formula = y ~ x, data = w2, plot.it = T)
Coefficients:
beta0 beta1 beta2 beta3
12.955525 -1.168275 0.023711 -0.001409
What exactly do these lines represent? The green line does not appear to be a good fit. The central straight blue line appears to be that of linear regression. It seems to be quite different from plot of isoreg() function which is also meant for monotone functions on same data:
> ir = isoreg(w2$y~w2$x)
> plot(ir, plot.type='row')
What information does this plot or monopol function output add which cannot be obtained by usual linear regression? Or what are the situations where monotonic regression should be used? I will appreciate a summary of principles and utility of isotonic/monotone regression in simple words.