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Can dummy variables be used in multiple linear regression analysis?
Yes they can.
How can correlation and regression analysis be used to make strategic decisions in a dynamic competitive business environment filled with risk and uncertainty.?
Correlation and regression analysis can help business to investigate the determinants of key variables such as their sales. Variations in a companies sales are likely to be related to variation in product prices,consumers,incomes,tastes and preference's multiple regression analysis can be used to investigate the nature of this relationship and correlation analysis can be used to test the goodness of fit. Regression can also be used to estimate the trend in a time series to make forecast
How can you use regression in a sentence as an adjective?
The word regression is a noun. It cannot be an adjective. When it is paired with another noun, it is a noun adjunct.Examples:"In statistics, regression analysis refers to techniques for modeling and analyzing several variables""Regression techniques are used by psychologists."
What is durbin-Watson?
Durbin-Watson is a statistic that is used in regression analysis. Its main goal is to notate autocorrelation presences in prediction errors.
Can one cost estimation method be used in combination with another method?
Yes. True
