Explore BrainMass

Question on use of regression output in business

List the various statistics and example of a business use.

© BrainMass Inc. brainmass.com August 14, 2018, 5:59 pm ad1c9bdddf

Solution Preview

The key statistics reported in a regression output, which are critical for business uses are:

R - Coefficient of Correlation: The correlation between the predicted and the actual value of dependent variable

R square - Coefficient of Determination: The amount of variation in the dependent variable explained by the independent variable

Standard Error: This signifies the standard error between the actual and predicted values in the regression model. If the error is high, the model needs to be investigated carefully.

ANOVA Table: The ...

Solution Summary

This posting contains answers to following questions on output of regresion.