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What is regresstion in business statistics?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

What is regresstion in business statistics?

Expert Solution

Step 1: Introduction

In business statistics, regression refers to a statistical analysis method used to quantify and model the relationship between one or more independent variables (predictors) and a dependent variable.

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