Describe the differences between correlations and

Reference no: EM13612665

Describe the differences between correlations and regressions. Can you describe situations where you would use one of these over the over and why you would do so?

If a business suspected a correlation between sales and profits, how might it go about investigating this?

If a company wanted to see what was impacting profits, on what variables might it collect information within the company that should be added to the regression? Why would those variables be included?

Consider a situation in your life. Present a short description of the situation and how a regression might help you make a more informed decision. What variables would be included and how could the results help you?

Reference no: EM13612665

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