QNT 561 Statictics Week 5 DQ
- What is the purpose of using regression analysis? How may it be used to formulate strategies? Provide examples related to strategy formulation and implementation.
- What is the purpose of using correlation analysis? How may correlation analysis be used in business decisions or in relation to strategy formulation and implementation?
- Discuss the relationship between independent and dependent variables with regard to correlation and regression analysis. What is the purpose of these terms?