Regression analysis helps to analyze and forecast the future performance of projects by considering the relationship between different variables. While this assessment will generally cover financial issues, it’s likely that regression analysis will be used in an analysis made in different areas.
What is Regression Analysis?
In statistics, regression analysis is defined as a combination of various statistical processes that are typically used for estimating the relationships between different variables. These include methods for modeling and analyzing relationships between a dependent variable and one or more independent variables. Analysts can use these methods to find out how the typical value of the dependent variable changes as the independent variables change. It is a valuable technique to be used in the closing process group.
Additionally, regression Analysis is likely to be used in the following performance domains;