REGRESSION ANALYSIS

Regression Analysis



Regression Analysis

Introduction

The managers would want to know how sales relate to the advertising dollars. Specifically the manager wants to predict how much sales will have with a given amount of advertising. How would a manager go about answering the question? The answer is the manager would rely on the correlation coefficient and the regression analysis. Regression analysis shows how variables relate to each other. In a regression table, the variable that is being predicted is called the dependent variable. In this example, the sales are the dependent variable. The variables that are used to predict the dependent variable ...