Explain the purpose of using regression analysis how might

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What is the purpose of using regression analysis? How may it be used to formulate strategies? Provide examples related to strategy formulation and implementation.

How is regression analysis used in forecasting? Provide examples.

What is the purpose of using correlation analysis? How may correlation analysis be used in business decisions or in relation to strategy formulation and implementation?

How may correlation analysis be misused to explain a cause-and-effect relationship?

Discuss the relationship between independent and dependent variables with regard to correlation and regression analysis. What is the purpose of these terms?

Reference no: EM13470169

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