QNT 561 Statictics Week 5 DQ | Bikaal

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?
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