Regression analysis is used to: A. Predict the value of the dependent variable vased on the...

Question

Question

Regression analysis is used to:

A. Predict the value of the dependent variable vased on the value of at least one independent variable

B. Explain changes in an independent variable on the dependent variable

C. It offers proof of causation

D. A & B only

E. A, B, & C

Answer 1

Answer #1

Regression has multiple uses

a)It can be used to predict and extrapolate an output based on the insample regression model->A is correct

b)It is for sure used to exlain the changes in an independent variable on the dependent variable->B is correct

c)Regression doesnot always prove causation. It could be a one way relationship->C is not always correct

Ans->D. A&B only

Answer 2

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