What is the purpose of using regression analysis?
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The purpose of using regression analysis is to understand and predict the relationship between a dependent variable (what you're trying to explain or predict) and one or more independent variables (the factors that might influence it). In simple terms, it helps you see how changes in one thing can affect another, allowing for better decision-making and forecasting.
The purpose of using regression analysis is to understand and predict the relationship between a dependent variable (what you're trying to explain or predict) and one or more independent variables (the factors that might influence it). In simple terms, it helps you see how changes in one thing can affect another, allowing for better decision-making and forecasting.
The purpose of using regression analysis is to understand and predict the relationship between a dependent variable (what you're trying to explain or predict) and one or more independent variables (the factors that might influence it). In simple terms, it helps you see how changes in one thing can affect another, allowing for better decision-making and forecasting.