Describe the dependent and independent variables involved

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Question: Think about an issue at work or in some other facet of your life in which a regression analysis is applicable to come up with a way to predict a particular quantitative outcome (the dependent) variable. Discuss this situation, describe the dependent and independent variables involved, and how regression analysis could be beneficial. In addition, state why a collinearity diagnosis is essential when conducting multiple regression analysis.

Reference no: EM133491621

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