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Practical Uses of a Regression Analysis

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Can you think of an example where regression analysis can be used? How is regression analysis being used in a retail environment, or how should it be used? Can you think of some retail examples specifically related to strategy formulation and implementation?

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Regression analysis is used to predict a linear (and sometimes, quadratic, exponential, logarithmic, etc) relationship between two sets of data, called x and y, or independent and dependent variables respectively. Linear regression is of particular interest in the retail environment, where it can be successfully employed to strategy formulation and ...

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