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“Regression analysis is a statistical tool that is used for two main purposes: description and prediction.” Based on the outcome, provide a current event of a business application using regression analysis for decision-making.
Think about an issue at work or in some other facet of your life in which a regression analysis is applicable to come up with a way to predict a particular quantitative outcome (the dependent) variable. Discuss this situation, describe the dependent and independent...
If a regression analysis was to be completed on body mass index (BMI), what could be an independent variable in that analysis? Why? If we could, what other independent variables should be included in the analysis? What statistic(s) would show the value of that...
Consider the relationship between yearly wine consumption (liters of alcohol from drinking wine, per person) and yearly deaths from heart disease (deaths per 100,000 people) in 19 developed countries. Suppose that you read a newspaper article in which the reporter...
Regression Analysis in Estimating Stream-Flow and the Effect of Hierarchical Clustering Analysis- A Case Study in Euphrates-Tigris Basin
