Regression Model: A regression model is able to show whether changes observed in the dependent variable are associated with changes in one or more of the explanatory variables.
Regression analysis provides detailed insight that can be applied to further improve products and services.
In order to conduct a regression analysis, you’ll need to define a dependent variable that you hypothesize is being influenced by one or several independent variables.
Regression model is helpful statistical method that can be leveraged across an organization to determine the degree to which particular independent variables are influencing dependent variables.
The possible scenarios for conducting regression model to yield valuable, actionable business insights are endless.