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Simple Lear and Multiple Regression

1. Can you think of an example where analysis of simple-linear and multiple regression analysis can be used? How is regression analysis being used in your workplace, or how should it be used to formulate strategies?

2.What are examples in which regression analysis is used for forecasting?

3. What is correlation analysis? How can correlation analysis be used in a business decision or examples specifically related to strategy formulation and implementation?

4. What are some primary and secondary sources of data that may be used in correlation and regression analysis?

5. What is the difference between correlation and causation? Give examples

Solution Summary

Simple lear and multiple regression usage are discussed.