Regression analysis evaluates the strength of the correlation between independent and dependent variables. In this article, we discuss what regression analysis is, explore why businesses use it and explain how to conduct a regression analysis to optimize professional decision-making processes. Understanding regression analysis can help you make more effective business decisions for the company you work for or your team. For instance, you might want to use regression analysis to determine if raising the price of a product influences how many people buy it or if the weather affects your target audience's purchasing decisions. Businesses can use statistical tools, such as regression analysis, to help them evaluate the relationship between two variables.
0 kommentar(er)
