Explore BrainMass
Share

Explore BrainMass

    Regression Analysis And Curve Fitting

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What is the purpose of using regression analysis?
    How might a regression analysis be used to formulate strategies?
    Provide examples related to strategy formulation and implementation.

    © BrainMass Inc. brainmass.com October 10, 2019, 2:55 am ad1c9bdddf
    https://brainmass.com/math/interpolation-extrapolation-and-regression/regression-analysis-and-curve-fitting-400209

    Solution Preview

    Regression analysis is done to predict things that might happen based upon observed data. Since the development of data from a particular population or sample of a population is typically limited in scope, we develop a trend that is regarded as a "best fit" function based upon an averaging of the data. Interpretation of the trend may ...

    Solution Summary

    This solution discusses regression analysis of data. In regression analysis, data is used to determine a matching mathematical function that best approximates the data. A graphic of a "best curve" matched to data is attached.

    $2.19